The European Bank for Reconstruction and Development (EBRD) announced that it agreed to the terms of a €5mln loan extended by the bank to the Romanian FMCG group Aquila along with an option to buy shares of up to another €5mln from the group’s founders, Catalin Vasile and Alin Dociu, according to Intellinews.
“The financing package amounts to €10mln. The proceeds from the loan will enable Aquila to finance the expansion of its portfolio of brands, new warehouse automation, a new ERP system, as well as other working capital and capital expenditures needs,” the EBRD said in a press release.
These investments will improve the reach of Aquila’s own brands, as well as improve warehouse productivity and help the company enhance its digitalisation.
Aquila Part Prod Com (Aquila), is the largest FMCG distributor in Romania and the Republic of Moldova, delivering to 67,000 selling points.