Vytenis Suklys, Scandagra Group's CFO, says the group has decided to redistribute the loans portfolio and focus on financing the operations in Lithuania.
"The company made the strategic decision to redistribute the current loans portfolio, focus the financing of the operations in the Baltic states in Lithuania and choose and syndicated loan from two banks," Suklys said in a press release.
The credit from SEB is 48.5 million euros, while that from Swedbank is 81.5 million euros.
The group operates fertilizer, seed, plant protection product and grain trading companies Scandagra in Lithuania, Latvia and Estonia, Latvia's transport company Baltic Transshipment Center and grain processing company in Latvia Rezeknes Dzirnavnieks.
