September 24, 2018

EBRD – may finance the purchase of grain silos in Romania, Serbia, Hungary and Croatia

The European Bank for Reconstruction and Development (EBRD) is considering a loan and equity investment in a French agro-industrial cooperative (Axereal) that plans to buy grain silos in Serbia, Romania, Hungary and Croatia. The 28 million-euro loan would boost Axereal’s working capital and an equity investment of 10 million euro would help it purchase the silos, the London-based lender said in an e-mailed statement. It will also provide advance financing to farmers for quality seeds and fertilizers, the lender said.
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