Țuca Zbârcea & Asociații advises Banca Transilvania on a syndicated loan of EUR 49.5 million in the agribusiness sector

African Industries Group signed a syndicated loan of EUR 49.5 million to finance the acquisition of Thames Farming Enterprises, the parent company of Agricom Borcea, Tudor 92, Concordia Agro farms and Alisa Farm Management, from Călărași County, with a total area of 13,700 hectares and a storage capacity of almost 40,000 tons.

The syndicated financing was coordinated by Banca Transilvania, as the Principal Mandated Arranger, with OTP Bank Romania as a part of the banking union, both banks being financiers.

Legal advisor for Banca Transilvania was Țuca Zbârcea & Asociații, while EY acted as the tax adviser of the transaction. Mihai Dudoiu, Partner of Țuca Zbârcea & Asociații led the team of lawyers, with Sergiu Negreanu and Cătălin Georgescu also being part of the core team advising Banca Transilvania.

"Banca Transilvania is a traditional financier of Romanian agriculture, bringing a vast expertise through the specialized Agribusiness segment. We are happy to support, through our unionization department, the financing of one of the most important procurement transactions in agribusiness, through its size", said Cosmin Călin, Executive Director of Large Corporate Clients, Banca Transilvania.

Further to the deal, African Industries Group expands the group's agricultural activities in Romania approaching 20,000 hectares.