Mlinar parent bags equity financing for bakery expansion

Croatian baked goods producer Mlinar has attracted up to €50m ($58m) in equity financing from Europe's leading development bank to fund expansion. The European Bank for Reconstruction and Development (EBRD) said it is providing the money to Mlinar's parent company See Bakery International to support an "expansion and modernisation strategy" in Croatia and the wider region. It will go towards funding organic growth and also M&A, the EBRD said in a statement today (22 December). The investment will also ...