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€100 million Financing for Vion Food

05 May 2015

NETHERLANDS - Vion Food has agreed new financing for a total of €100 million with a financing syndicate consisting of ABN AMRO and NIBC.

Each bank is providing €50 million.

Vion Food said it has now assured itself of solid financing for the future, laying a strong foundation for a healthy future.

The financing also illustrates the confidence in the company's future and the strategy that it has set out.

The strategy's priority is an increased focus on valorisation: optimum value creation of the animals processed means that market requirements are better met.

Vion Food said that the financing provides a firm foundation for the future.

"This gives us the financial leeway we need. It feels somewhat like a fresh, new start, except that we are already on our way," said interim CEO Tom Heidman.

 

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