EBRD extends €10mn debt and equity financing package to Romania’s biggest FMCG distributor

By bne IntelliNews October 5, 2021

The European Bank for Reconstruction and Development (EBRD) announced that it agreed to the terms of a €5mn loan extended by the bank to the Romanian FMCG group Aquila along with an option to buy shares of up to another €5mn from the group's founders, Catalin Vasile and Alin Dociu. 

The financing package thus amounts to €10mn. The proceeds from the Loan will enable Aquila to finance the expansion of its portfolio of brands (currently including ‘gradena’ refrigerated vegetables and ‘yachtis’ refrigerated fish and seafood), new warehouse automation, a new ERP system, as well as other working capital and capital expenditures needs, the EBRD said in a press release.

These investments will improve the reach of Aquila's own brands, as well as improve warehouse productivity and help the company enhance its digitalisation.

Aquila Part Prod Com (Aquila), is the largest FMCG distributor in Romania and Moldova, delivering to 67,000 selling points. It operates a network of 14 distribution centres and a fleet of over 1,600 vehicles. The company’s turnover reached €370mn in 2020, according to Ziarul Financiar daily.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan's 4M24 budget deficit hits $2bn, sparking fiscal concerns

The state budget deficit of Uzbekistan, amounting to Uzbekistani som (UZS) 25.6 trillion ($2.0bn) in the first four months of 2024, has surpassed expectations, raising concerns about the country's ... more

Mirziyoyev commends $74bn of foreign investment and IFI inflows as third Tashkent International Investment Forum kicks off

The foreign investment inflow into Uzbekistan has topped $60bn in recent years, President Shavkat Mirziyoyev noted as the third Tashkent International Investment Forum (TIIF-2024) got under way. ... more

Uzbekistan’s key rate held at 14% as central bank points to fears over reacceleration of inflation

Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    8 days ago
  2. Cheap Russian drones overwhelm US-made Abrams tanks, taken out of action
    7 days ago
  3. Russia already treating Bosnia’s Republika Srpska as an independent state
    8 days ago
  4. Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
    7 days ago
  5. Putinomics: Russia’s oil and gas revenue to double in April
    8 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    2 years ago
  2. Saudi Arabia to scale back plans for Neom city
    23 days ago
  3. Iran vs Israel: Who is better equipped for war?
    19 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    6 months ago
  5. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    24 days ago

Reports

Dismiss