EBRD joins $150m financing package for Moldova’s Trans-Oil
Moldovan agricultural firm Trans-Oil has received a $150 million financing package from three development banks and six commercial lenders.
The European Bank for Reconstruction and Development is providing $30 million. The facility, arranged and managed by ING Bank, also involves UniCredit Bank Austria, the Black Sea Trade and Development Bank, Dutch development bank FMO and Mobiasbanca – OTP Group, OTP Bank, FIMBank and Banque Cantonale Vaudoise.
The loan will be used to ensure Trans-Oil's trading of crops in 2019. This includes the purchase of grain and sunflower oilseeds from Moldovan farmers and other suppliers, storage, crushing of oilseeds, transportation and export.
Trans-Oil covers the full agricultural value chain from farming, grain handling, storage and trading to wheat flour production, oilseed crushing and oil bottling.
