Company name
Ta - Ta S.A.
Project number
13004-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category 
B
Country
Uruguay
Sector
Manufacturing
Status
In implementation
Disclosed date
12/23/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/27/2021
Approval date
04/27/2021
Signed date
07/08/2021
Sponsoring entity
N/A
Team leader
Parodi, Juan
Investment type
Syndicated amount
N/A
Financing amount
USD $ 35,000,000
Currency
UYU
Project scope and objective
The proposed IDB Invest financing for an amount in Uruguayan pesos equivalent to up to US$50 million (up to $15 million equity + up to $35 million in senior financial debt) will be used to partially finance the company’s capital investments between 2020 and 2025 for an amount in Uruguayan pesos equivalent to US$104 million. This includes investments in the opening of stores, logistics of the Operations Center (OC), systems and technology, and maintenance of premises in order to achieve the Company’s expansion and omnichannel retailing of the Company in Uruguay.
The project will allow the Company to increase the volume of operations with its suppliers, many of which are SMEs. Ta-Ta’s philosophy is to develop local suppliers for different categories of its own brands. Support for this chain contribute to the following SDGs: (i) decent work and economic growth; (ii) industry, innovation and infrastructure; and (iii) responsible consumption and production.
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Contact information
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Request informationAlternatively, you may also use the following contact information:
Client Contact
CONTACT NAME
Michel Skinner
POSITION
CFO
PHONE NUMBER
+598 92 530 435
michel.skinner@tata.com.uy
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
TA-TA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
256.0 Kb
TA-TA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
71.7 Kb