Carbery receive €35m loan from European Investment Bank.
ADVERTISEMENT
The west Cork-based Carbery group has secured a €35m loan from the European Investment Bank (EIB) to help support the development of its €78m mozzarella plant in Ballineen.
The 12-year loan is the first of its kind awarded by the EIB to an Irish agri-business and has been funded through the EIB's €400m agriculture and bioeconomy financing programme.
Carbery receive €35m loan from European Investment Bank. EIB vice-president Andrew McDowell and Carvery CEO Jason Hawkins.
ADVERTISEMENT
“The €35m EIB backing, together with continued funding support from our other banking partners AIB, BOI, and Rabobank, will accelerate growth for Carbery and secure new markets for Irish dairy farmers,” said Carbery Group chief executive officer Jason Hawkins.
“That Carbery has secured the first ever European Investment Bank financing for an Irish agri foods business is a vote of confidence in Carbery and Irish agriculture.”
EIB vice-president Andrew McDowell said that Ireland was home to “world-class agriculture and food” and that the EIB was pleased to support the investment by Carbery.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The west Cork-based Carbery group has secured a €35m loan from the European Investment Bank (EIB) to help support the development of its €78m mozzarella plant in Ballineen.
The 12-year loan is the first of its kind awarded by the EIB to an Irish agri-business and has been funded through the EIB's €400m agriculture and bioeconomy financing programme.
Carbery receive €35m loan from European Investment Bank. EIB vice-president Andrew McDowell and Carvery CEO Jason Hawkins.
“The €35m EIB backing, together with continued funding support from our other banking partners AIB, BOI, and Rabobank, will accelerate growth for Carbery and secure new markets for Irish dairy farmers,” said Carbery Group chief executive officer Jason Hawkins.
“That Carbery has secured the first ever European Investment Bank financing for an Irish agri foods business is a vote of confidence in Carbery and Irish agriculture.”
EIB vice-president Andrew McDowell said that Ireland was home to “world-class agriculture and food” and that the EIB was pleased to support the investment by Carbery.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS