Loan for TRANS OIL Group is a guarantee of payment to agricultural producers

Loan for TRANS OIL Group is a guarantee of payment to agricultural producers

Loan for TRANS OIL Group is a guarantee of payment to agricultural producers

The FINANCIAL -- The TRANS OIL Group and the international banking consortium signed in Paris on July 11, 2018, an agreement on a syndicated loan at the sum of 240 mln USD to purchase agricultural products from the 2018 harvest in the Republic of Moldova from producers and economic agents.

The international banking consortium, which was headed by Societte Generale Paris, also included ING Bank Belgium, UniCredit Bank Austria AG , Black Sea Trade and Development Bank , FIMBank p . l . c , Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, Arab Bank Ltd., Banque Cantonale Vaudoise.

In the upcoming season, the TRANS OIL Group plans to purchase more than 500 thsd tonnes of sunflower seed and more than 1.2 mln tonnes of grains (wheat, barley, rapeseed, corn, peas) and over 100 thsd tonnes of soybeans.

As previously reported, the TRANS OIL Group increased the trans-shipment capacity at Giurgiulesti International Free Port and brought it to 1.6 mln tonnes of agricultural products per year.

The largest sunflower oil factory Floarea Soarelui SA in Balti has launched a new oil extraction production facility that allows processing more than 300 thsd tonnes of sunflower seed per year and in addition the oil and fat plant in Ceadir Lunga - Trans Oil Refinery with a production capacity of more than 135 thsd tonnes of sunflower seed per year.

The group of companies Trans Oil is the largest buyer and exporter of cereals and oilseeds in Moldova. The group includes 16 elevators all over the country, capable of storing more than 750 thsd tonnes simultaneously; 2 oil-extraction factories in Balti and Ceadir-Lunga with a production capacity of 1200 tonnes and 400 tonnes of sunflower per day, respectively; 2 grain terminals and a terminal for sunflower oil in the International Free Port of Giurgiulesti; as well as a number of agricultural, transport, infrastructure enterprises, including in Ukraine, own a fleet of modern railcars, as well as a modern fleet of trucks for freight traffic.