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Borges closed the 2018-19 (June-May) marketing year with a net profit of EUR20 million (USD21.6 mln), a third more year-on-year, despite turnover falling by 15.8% to EUR690.
The European Bank for Reconstruction and Development (EBRD) is lending up to USD100 million to food and beverages producer Almarai for new investments in Egypt and Jordan.
Ferrero’s consolidated revenues hit EUR11.4 billion (USD12.33 bln) in 2019, a 6.2% increase compared with the previous EUR10.7 bln.
The EU Commission announced that the European Investment Bank (EIB) has loaned EUR50 million to one of Poland's largest milk producers Mlekpol to fund the company's modernisation and growth strategy.
Britvic PLC has secured its first sustainability-linked credit facility of GBP400 million (USD520 mln). If it hits certain ecological targets, the interest payable is reduced.
Zhu Xinlin and his daughter Zhu Shengqin left the board officially on February 12, 2020, according to a public notice from China Huiyuan Juice Group Ltd.
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