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

Black Friday sales of Romanian online retailer eMAG in Bulgaria rise 17% y/y to €28.6mn

The Black Friday sales of Romania-based online retailer eMAG in Bulgaria increased by 17% y/y to BGN55.9mn (€28.6mn), Investor.bg reported on November 22. Private consumption in Bulgaria has ... more

Romanian fintech FLOWX.AI raises $8.5mn to help companies retrofit their IT systems

FLOWX.AI, an enterprise platform that enables banks and financial institutions with complex IT infrastructures to build fast modern digital experiences freed from their legacy infrastructure, ... more

Romanian software company Bento plans listing on BVB’s AeRO segment

Romanian software solutions and cloud services provider Bento has announced that it is going to list on the Bucharest Stock Exchange's (BVB's) AeRO market by the end of the year. The AeRO market ... more

Follow Us On

Feedly logo Follow on Feedly

Most Read

  1. LONG READ: Russia looks poised to invade Ukraine, but what would an invasion actually look like?
    4 days ago
  2. Tehran City Council renames streets in dig at Azerbaijan
    4 days ago
  3. Ready for war at any time in southern Armenia
    2 days ago
  4. Rare 'rat king' found in Estonia
    1 month ago
  5. Greece goes shopping for new defence relationships
    7 days ago
  1. LONG READ: Russia looks poised to invade Ukraine, but what would an invasion actually look like?
    4 days ago
  2. STOLYPIN: The West’s response to Lukashenko’s migrant gambit might seal Belarus’ fate
    13 days ago
  3. Rare 'rat king' found in Estonia
    1 month ago
  4. COMMENT: Talk of war increases long-standing tensions between Russia, Ukraine, Belarus and Nato
    12 days ago
  5. Tehran City Council renames streets in dig at Azerbaijan
    4 days ago

Reports

Dismiss