Croatian food company Podravka secured a six-year €123m syndicated loan from the European Bank for Reconstruction and Development (EBRD) as well as four other business banks. The majority of money (€99m) will be used to refinance existing loan liabilities, capital investments and possible acquisitions.
“The loan will enable stable growth for the entire group and its further development,” said Vedrana Jelusic Kasic, EBRD’s regional director for Croatia and Slovenia. The remaining €24m will be at Podravka’s disposal for investments and possible acquisitions, she added.
