AGRICULTURE BUSINESS BUSINESS COMPANIES ECONOMY

TRANS OIL Group from the Republic of Moldova has taken a loan of USD 240 million from an international consortium

On July 11, 2018, the TRANS OIL group of companies and an international banking consortium signed in Paris a syndicated loan agreement in value of USD 240 million, in order to purchase agricultural products from the current year’s harvest, from the producers and economic agents in the Republic of Moldova.

The international banking consortium headed by Société Générale Paris also includes the banks: ING Belgium, UniCredit Bank Austria AG, Black Sea Trade and Development Bank, FIMBank p.l.c, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V., Arab Bank Ltd., and Banque Cantonale Vaudoise.

In the season that has started, TRANS OIL Group is planning to purchase over 500 thousand tons of sunflower seeds, more than 1.2 million tons of cereals (wheat, barley, rapeseed, corn and peas), and more than 100 thousand tons of soy.

Trans Oil Group is the largest buyer and exporter of cereals and oilseeds in Moldova. The group owns 16 cereal silos all over the country, with a total storage capacity of over 750 thousands tons, 2 factories for the production of vegetable oil in Balti and Ceadir-Lunga, with a processing capacity of 1,200 tons, and respectively 400 tons of sunflower per day, 2 cereal terminals and a terminal for the sunflower oil in the Giurgiulesti international port, as well as a number of agricultural, transport and logistics enterprises, including in Ukraine, its own fleet of modern wagons and a fleet of trucks for transporting goods.

TRANS OIL Group has recently increased its transshipment capacity of agricultural products up to 1,600,000 tons per year in the Giurgiulesti international port, and has put into operation a new oilseed processing section that led to the increase of the sunflower processing capacity up to 300 thousands tons/year at the Balti factory, the largest vegetable oil production factory in Moldova.

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