The loan represents a credit line for 3.5 years, subject to depreciation, which amounts to USD 88m and RUB 1.5b. The loan was drawn to finance the general corporate goals of the Group’s companies and investment programs, such as further expansion in Central and South America and construction of new logistics centres in 15 Russian cities.
As a result of the investment strategy JFC Group plans to strengthen its leadership on the Russian banana market. The leading position is supposed to be supported not only by import volumes, but also by the possibility to ensure, that consumers all over Russia are provided with high-quality produce.
Source: www.fruitnews.ru