January 16 (SeeNews) - Members of Croatian privately-held concern Agrokor have concluded several loan deals with state-owned development bank, Hrvatska banka za obnovu i razvitak (HBOR), worth a combined 48.3 million euro ($51.2 million), soft drinks and water bottling company Jamnica [ZSE:JMNC-R-A] said on Monday.
Jamnica, a part of Agrokor, has signed a 15 million euro loan deal with HBOR to finance export preparations, it said in a filing to the Zagreb bourse.
The company will pay back the loan in 24 equal quarterly instalments of which the first is due on June 30, 2019.
Jamnica also said it has backed with guarantees three loan deals concluded between its Agrokor affiliates and HBOR.
Ice cream and frozen food company Ledo [ZSE:LEDO-R-A] has taken out a 3.3 million euro loan, edible oil, mayonnaise and margarine maker Zvijezda [ZSE:ZVZD-R-A] has concluded a 10 million euro loan agreement, while meat processing company PIK Vrbovec has borrowed 20 million euro.
All three loans have a 12 months repayment period, Jamnica explained.
Based in Zagreb, Agrokor has operations in food and beverages, as well as in food retailing.
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