€307 Million Financial Injection For Atlantic Grupa
- by croatiaweek
- in Business
The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and four commercial lenders have done a deal with Croatian food-producing company Atlantic Grupa for a financial package worth 307 million euros.
A large chunk of the money, around 270 million euros, will be used for balance sheet restructuring, whilst the rest of the money will be used for investment projects.
The news is important recognition for one of the regions largest food and supplement producers. The Zagreb based company, which also owns a pharmacy chain in Croatia, has products such as Cedevita, Pildenta toothpaste and Multipower in its stable.
