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.
TheMeatSite News Desk