Companies / Croatia
Agrokor Set To Receive Fresh Funding
June 2008 | Company News AlertCroatia's leading food manufacturer, Agrokor, is set to receive more funding from IFC, a member of the World Bank Group, as a part of a broader initiative to develop the country's food processing sector. IFC will provide a EUR40mn (US$63.2mn) loan to PIK Vrbovec and Belje, two Agrokor subsidiaries involved in the company's core business areas of meat processing and farming. This latest investment will supplement a previous EUR40mn loan given to these two subsidiaries in July 2006 and will be used towards doubling production capacity at PIK Vrbovec and to further develop farm productivity at Belje. Such investments are
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