World Bank Invests In Armajaro Sustainable Cocoa Co.

May 4 2012 | 11:38am ET

A World Bank unit plans to invest in an Armajaro Holdings unit dedicated to sustainably-sourced cocoa.

The International Finance Corp. will invest $55 million in Armajaro Trading, which is more than 70% owned by Armajaro Holdings. The latter firm is best known as the parent of cocoa hedge fund Armajaro Asset Management.

In exchange for its investment, IFC will get a 7.5% return above LIBOR. It will also get warrants to buy 6% of Armajaro Trading.

“I think it is very good for our company that the World Bank has offered to invest and commit $55 million,” CEO Richard Ryan told Reuters. “It is definitely a vote of confidence in our business model.”

“They very much see us as the leader in cocoa in sustainability and traceability and so that is something that meets their objectives, hence their natural attraction.”


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note