The European Bank for Reconstruction and Development (EBRD) has offered a $100 million loan to help fund the expansion of Louis Dreyfus Co. (LDC), according to an EBRD press release.
LDC, a seller and processor of agricultural products, is expanding in Bulgaria, Egypt, Kazakhstan, Poland, Romania and several other countries in the region. The company has been in business since 1851.
“The EBRD is very pleased to deepen its cooperation with Louis Dreyfus Company, our longstanding strategic partner,” said EBRD First Vice President Phil Bennett said in the release.
“Thanks to the EBRD’s sustained support over the past 10 years we continue to expand the geographical scope of our operations in line with our strategy and increase the efficiency and breadth of our supply chain, in order to meet the need for our products and services in this part of the world and provide even better service to our growing customer network,” Gonzalo Ramirez Martiarena, CEO of LDC's global operations, said.
The loan facility will also allow the LDC to work in Tajikistan for the first time to support the country's cotton industry.
European Bank for Reconstruction and Development issues $100 million loan to Louis Dreyfus Co.
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