The guarantee is for a loan taken by Victoria Logistics, the procurement unit of agro-industrial holding Victoria Group, from Erste Bank, Sojaprotein said in a bourse filling on December 5. The financing will be used for the purchase of corn, soybean, canola, sunflower and wheat. The raw materials will ensure 100% utilization of Sojaprotein’s production capacity.
Victoria Group will obtain a loan from International Finance Corporation (IFC) for refinancing existing short-term obligations and providing working capital.
Sojaprotein is 50.9% owned by Victoria Group.
($=0.775 euro)