The deal is subject to approvals and is expected to be completed by the end of the year, Agricover said in a statement.
Agricover Holding is one of the largest players on the Romanian agricultural market and offers agri-business and financing solutions to farmers. It has been operating on the Romanian market for 17 yearsand supports more than 4,500 farmers through its divisions Agricover SRL and Agricover Credit IFN. In 2016, it had a turnover of RON1.2 billion and gave loans totaling RON1 billion.
EBRD is one of the largest institutional investors in Romania, with over EUR7.6 billion invested in more than 400 projects. EBRD has invested EUR700 million so far in the Romanian agri-food sector.