EBRD finances expansion of Serbian soybean group Sojaprotein

In:

Agriculture/food chain

Region:

Europe

The European Bank for Reconstruction and Development is strengthening Serbia’s agribusiness potential with a €25 million loan to Sojaprotein, a producer of soybean concentrates. Raiffeisen banka a.d. Beograd is providing an equally sized parallel loan as part of the project.

The EBRD’s financing will be used for the expansion of the company’s production facilities as well as for debt refinancing. The market demand for soy-based ingredients is expected to continue to increase due to higher consumer demand for plant-based alternatives to meat products.

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