The loan is in addition to an existing EBRD financing, totaling EUR80 million, the bank said in a statement. Half of the new EUR30 million loan will be for the EBRD’s account, and the remaining amount will be syndicated to Societe Generale and Rabobank.
Expur crushes rapeseed and sunflower seed, produces crude rapeseed oil, refined edible sunflower oil, as well as rapeseed meal, sunflower meal and biodiesel, for both domestic and export markets.
Expur was acquired in 2010 by Saipol S.A.S., the French leader in oilseed crushing and vegetable oil refining.
EBRD financing will help support Expur’s strategy of contributing to the development of the rapeseed meal market and the cultivation of “high oleic” sunflower seed in Romania, the bank said.
Since the beginning of its operations in Romania, the EBRD has committed over EUR5 billion in various sectors of the country’s economy, mobilizing additional investment in excess of EUR8.5 billion.
The new loan brings the EBRD’s commitments to the Romanian agribusiness sector up to EUR470 million via 25 projects.