The loan was granted by BCR, CEC Bank, Raiffeisen Bank and Banca Romaneasca, with a guarantee issued by EximBank, within the government-backed program aimed at financially supporting large companies.
Rodbun Group exploits some 10,000 hectares of land, holding farms in most regions in Romania, as well as three seed processing and conditioning, a team of over 500 people and 50 farm stores.
The syndicated loan will be used by RodBun Grup to cover working capital needs.
Early 2021, Rodbun representatives said they were optimistic in 2021, expecting a 20% increase in sales of products and services, to over RON600 million.