Citadele to loan EUR 7.3 mln for logistics center of Lithuania's Viciunai food group
2020-08-13, 12:01
Published in
Economy
Photo M. Paluskevic
Latvian-owned Citadele Bank has agreed to lend EUR 7.3 million to Viciunai Group, one of Lithuania's largest food groups, to help finance the construction of a new logistics and warehousing center. The product distribution center is planned to be built in the Kaunas Free Economic Zone by the end of 2020, the bank said. Viciunai Group, which has 21 companies in 20 countries, manufactures crab sticks, surimi products and fish, as well as bread, pastry and confectionery products. It exports its products to over 70 markets.
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