IFC successfully disbursed 70 000 000 USD to Trans OIl Group of Companies

IFC successfully disbursed 70 000 000 USD to Trans OIl Group of Companies

14.03.2013

Chisinau, Moldova, March 8th, 2013

 IFC in the syndicated facility with FMO and DEG, respectively Dutch and German development banks have successfully disbursed to Trans OIl Group of Companies the final tranche of the USD 70’000’000 facility announced in August 2012.

 Vincenzo Turrisi, COO of Trans oil said : “It is an important milestone for Trans oil. Together with our new partners, we are now ready to focus on enhancing our business in terms of growth in both oilseeds processing and agriculture farming and grain trading in the region. We are as well putting emphasis on environment and sustainability. We have already started some important capital investments in order to make our crushing plant in Balti (Floarea Soarelui) more efficient and eco-friendly, meeting the highest international standards.

 Agriculture production will become a more important part of our business portfolio as Republic of Moldova shows a high potential of improvement, development and consolidation.  The support of the IFC and syndicated and parallel lenders has been essential and for sure will help the group achieving its strategic targets of becoming significant regional player.