Agroserv Mariuta raised EUR3 million in a bond issue maturing in 2025 with 5.25% interest, brokered by BT Capital Partners.
The company will use the financing to develop its dairy factory, expand production and building a new warehouse.
In addition, Laptaria cu Caimac plans to build a bio-gas station and a recovery and recycling system for its glass packaging. It estimates it will invest EUR16 million over the next two years.
Agroserv Mariuta had revenues of RON37.6 million in the first half of 2020, compared with RON26.8 million in the same period in 2019, while its net profit dropped to RON392,000 from RON2.8 million in the first half of 2019.