French co-operative Agrial has confirmed it has secured EUR50m (US$63.7m) in fresh capital from agri-food industry investor Unigrains and bank Crédit Agricole to fund projects in the dairy and vegetables sectors.
Agrial said the finance would allow it to “pursue its development in France and on the international front, in particular in dairy and vegetables, which are strategic areas for the group”.
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Asked by just-food for more detail on Agrial’s plans, an investor relations official said: “We have no specfic projects in mind at this stage which have been earmarked for this funding.”
Last year, the co-operative launched its first bond issue in the European private placement market, raising round EUR95m.
