A RON5 million credit line will cover the funding of the company’s current needs, over a 3-year period. The RON4.5 million investment credit, contracted over 6 years, will be used for equipment purchase.
The two credit facilities are 90% guaranteed by the Romanian state.
Golden Foods is 55.8% controlled by GF Holdings Limited, while Golden Brands Limited holds a 44.2% stake. Both stakeholders are registered in Cyprus.
(English version by Catalina Apostoiu)