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October 31, 2020
BUSINESS

EBRD supports development of domestic oilseed industry in Romania

The EBRD is supporting the diversification of Romanian agribusiness with a EUR 30 M syndicated financing package to Expur S.A., a local oilseed processing company, a press release informs. Expur crushes rapeseed and sunflower seed, produces crude rapeseed oil, refined edible sunflower oil, as well as rapeseed meal, sunflower meal and biodiesel, for both domestic and export markets.

EBRD financing will help support Expur’s strategy of contributing to the development of the rapeseed meal market and the cultivation of “high oleic” sunflower seed in Romania.  “High oleic” sunflower seeds produce sunflower oil with a higher content of monounsaturated oleic acid. This reduces saturated fats in cooking, making sunflower oil even healthier.

The new facility to finance Expur’s working capital requirements is in addition to existing EBRD financing, totaling EUR 80 M. Half of the new EUR 30 M loan will be for the EBRD’s account, and the remaining amount will be syndicated to Société Générale and Rabobank.

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