The European Bank for Reconstruction and Development (EBRD) announced on Friday that it will share exposure, under the Risk-Sharing Facility (RSF), on half of the EUR 40 million Banca Transilvania loan to cornstarch producer Omnia Europe SA.
The financing will support the company in expanding its operations by establishing a new unit dedicated to producing waxy starch, according to an EBRD press release.
Omnia Europe SA, based in Medgidia, Constanta County, is a producer of starch, maltodextrin and by-products, key ingredients for many products in the food, pharmaceutical, pulp and paper and chemical industries. It is a subsidiary of Omnia Nisasta Ticaret AS and part of the Turkish Tosmur Group, one of the largest producers of corn starch and derivatives products.
The European Bank for Reconstruction and Development (EBRD) is using its Risk Sharing Framework (RSF) to support the expansion of businesses in its countries of operations and boost the lending capacity of local partner banks.
'We are delighted to reinforce our commitment to the Romanian agribusiness sector by supporting the expansion of Omnia Group within the country. This transaction highlights the strong collaboration with Banca Transilvania and underscores the effectiveness of the Risk Sharing Framework in facilitating the growth ambitions of companies across EBRD's Countries of Operations. Furthermore, this initiative is particularly significant as it focuses on processing agricultural commodities into higher-value products, contributing to Romania's efforts to improve its food and agricultural trade balance' said Victoria Zinchuk, EBRD's Head of Romania.
The EBRD is a major institutional investor in Romania. To date it has invested almost EUR 11.5 billion in 550 projects in the country. AGERPRES
Comentează