AGROLIGA GROUP PLC: Agroliga Group starts construction of a modern plant

opublikowano: 2016-09-10 20:06

Agroliga Group starts construction of a modern sunflower crushing plant with extraction capacity. The crushing capacity is planned for 170 000 t sunflower seed per year. The first phase of the plant provides processing of 100 000 tons of sunflower seed per year. It will be put into operation in September -October 2017 .
As of today, general construction plan is fixed, tenders for the supply of equipment, construction and installation works were carried out.
The structure of the project financing comprises of the Company’s funds and long term loans. The project finance structuring is completed.
After extensive analyses and business tests " Raiffeisen Bank " Aval " ( member of the Raiffeisen Bank Interneshinal Holding AG group, Austria ) has decided to finance Agroliga Group for the implementation of a new project.

Legal basis: § 3 subparagraph 2 point 2 of the Exhibit 3 to the Alternative Trading System Rules "Current and Periodical Information in the Alternative Trading System on the NewConnect Market."