The European Bank for Reconstruction and Development (EBRD) has said it will pay €15m (US$17.2m) for a 35% stake in a production facility to be built in Russia by France’s Bonduelle.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The €41m plant, which will be 65% financed by the French food company, will eventually have an annual production capacity of 60,000 metric tonnes of fresh packaged vegetables, mainly sweet corn and peas.

The plant will be completed in two stages. The first investment of €23m will produce 25,000 tonnes annually, followed by a second investment in 2008 of €18m, reported Reuters.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now