Agroland secures EUR 15 million EIB-backed financing to expand Mihailesti poultry platform

  Agroland, an entrepreneurial group operating in retail, agribusiness, food production, and animal nutrition, plans to contract a term loan of EUR 15 million through Raiffeisen Bank, under the EIB Recovery and Resilience Plan for Romania. The loan will be backed by a portfolio guarantee issued by the European Investment Bank in favour of Raiffeisen Bank, covering 80 percent of the credit.   The financing will support a strategic investment in the Group’s Food division, directed towards building and equipping 12 poultry houses with a total capacity of 600,000 hens, on land adjacent to the existing Mihailesti facility. The total project investment is EUR 20 million, with the difference covered by own funds.   In this context, the Board of Directors of Agroland Business System SA has convened the Extraordinary General Meeting of Shareholders for 29 September 2025, with the agenda including the approval of the loan agreement and the establishment of related guarantees.   “This strategic investment will mark a key moment in executing our long-term growth plan and in consolidating Agroland’s leading position on Romania’s agri-food market. Our strategy focuses on developing a sustainable food ecosystem through targeted investments that stimulate local production, including by expanding our own organic egg production capacity. Obtaining this financing through the EIB Recovery and Resilience Plan, with the guarantee of the European Investment Bank, is a signal of confidence, this time from European financial institutions, in the direction we have chosen. For us, this means we are on the right track and that our long-term development plans are realistic and well-founded,” said Horia Cardos, founder and CEO of Agroland Group.   The project aims for ambitious results over the medium term: tripling current production capacity and reaching one million laying hens by the end of 2027, while strengthening Agroland’s position as the largest producer of cage-free, free-range, and organic eggs in southern Romania.   The General Meeting will also discuss a comprehensive package of guarantees including a mortgage on 211,600 sqm of arable land (cadastral no. 32455) and future constructions, a movable mortgage on equipment and machinery purchased with the loan, as well as a movable mortgage on current accounts held at Raiffeisen Bank and receivables collected through these accounts.   Earlier in August, the company also announced the acquisition of a plot of land worth EUR 785,000 near the Mihailesti poultry platform, intended for the construction of the new poultry houses.