Citi(US:C) Globenewswire·2026-01-12 07:30Core Insights - "Linas Agro", a major agribusiness in Lithuania, has secured a EUR 30 million working capital financing agreement with Citibank N.A. to support grain purchasing operations at the Port of Klaipeda [1][5] - This financing agreement is notable as it represents one of the few agribusiness transactions in Lithuania involving a significant international commercial bank [1] Company Overview - "Linas Agro" is recognized as one of the largest buyers of wheat, rapeseed, and other cereals in Lithuania, and it leads in purchasing within the Baltic states [6] - The company exports wheat primarily to Nigeria, South Africa, Spain, and Morocco, while rapeseed is exported to Germany, the United Kingdom, the Netherlands, and Nordic countries [6] Financing Details - The financing will facilitate smoother planning of seasonal grain purchasing flows and enhance working capital management [2] - The trade financing structure utilized by "Linas Agro" is not available from local financial institutions, indicating a strategic move to diversify funding sources [3] Strategic Importance - The cooperation with Citibank is seen as a recognition of the operating standards of "Linas Agro" and the Akola Group, enhancing visibility in international markets [4] - This transaction is expected to strengthen the company's position within global export supply chains and support its continued expansion in international markets [4][5] Industry Context - Lithuanian farmers harvest approximately 7–8 million tonnes of cereals annually, with around 70% of the national wheat crop being exported [7]