main navigation menu
World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Subscribe to Our Monthly Newsletter
Russian Federation


$30.2 million
Project Brief

MIGA has issued a guarantee of $30.2 million to Campestres Holdings Limited (TOHL) of Cyprus, covering its investment to acquire partial ownership of Russian packaged coffee and tea product manufacturer, OOO Sunty. The coverage is for a period of up to 20 years, against the risks of transfer restriction, expropriation, and war and civil disturbance. MIGA’s guarantee covers Campestres’ investments of equity, goodwill, future retained earnings, and dividend entitlement in OOO Sunty.

Campestres will be effecting its investment in OOO Sunty in conjunction with the European Bank for Reconstruction and Development (EBRD), and the two will invest an estimated $26.3 million in a combined 51 percent ownership in OOO Sunty, with the deal involving a working capital investment for OOO Sunty, transfer of trademark ownership in Commonwealth of Independent States and Europe, long-term lease agreements for production facilities and warehouses, and additional improvement measures for infrastructure and environmental protection.  A $3 million portion will be applied to the purchase of additional equipment and computer system enhancements to OOO Sunty’s operations.

Currently OOO Sunty – via its predecessor entity, “Grand Group Russia” – has estimated market shares of 6 percent and 5 percent, respectively, of the total Russian market for packaged coffee and tea products, by volume

Expected developmental impacts of the project include: increased competition in the Russian packaged coffee and tea product business segment, via introduction of global Tata Group coffee and tea brands improved production processes and product quality by applying Tata Group’s expertise in the areas of production efficiency and tea buying and tasting; and introduction of global Tata Group human resource best practices.

MIGA’s guarantee for this investment is consistent with the first pillar of the World Bank Group’s Country Partnership Strategy for Russia which focuses on sustaining rapid economic growth.