“The management of Grup Serban Holding S.A. (hereinafter referred to as the “Company”) informs the market about the conclusion of two credit facility agreements with BRD Groupe Societe Generale S.A., the agreements being concluded by two entities that are part of Grup Șerban Holding S.A., respectively FERMA AVICOLA SERBAN S.R.L. (“FAS”) and INTERAGROALIMENT S.R.L. (“IAA”). The credit facility agreement concluded by FAS has a value of EUR 8.15 million and is intended to finance the company’s investments, and the one concluded by IAA has a value of EUR 10 million, having the purpose of financing the activity in the vegetable sector”, the report reads.
Grup Serban Holding has a market value of RON292 million after its shares have lost 4% so far in 2023.