finance
monthly
Personal Finance. Money. Investing.
Contribute
Newsletter
Corporate

Renova SA Receives a US$410 Million Loan from International Finance Corporation, Rabobank and Inter-American Development Bank

Posted: 1st November 2017 by
d.marsden
Share this article

The Inter-American Investment Corporation (IIC), the International Finance Corporation (IFC) and Coöperatieve Rabobank U.A. (‘Rabobank’) have signed a US$410 million financing package with Renova S.A. to finance the expansion of the world’s largest soybean crushing plant, located in Argentina.

The US$434 million project will expand the plant’s soybean crushing capacity from 20,000 MT to 30,000 MT per day and will increase the grain storage and loading capacity. It also includes the construction of a barges terminal. As a result, Renova will contribute to food availability, and will foster employment in the industry and foreign trade through soymeal and soy oil exports. Additionally, Renova is now preparing and implementing a supply chain sustainability policy due to IIC’s involvement.

Renova is considered one of the world’s most competitive and highly efficient crushing plants due to its low-cost structure, large scale and logistic advantages, as well as its ability to switch between products/by-products, maximizing contribution margins.

Becker Glynn served as Legal Counsel to Inter-American Investment Corporation and International Finance Corporation.

 

About Finance Monthly

Universal Media logo
Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
© 2024 Finance Monthly - All Rights Reserved.
News Illustration

Get our free monthly FM email

Subscribe to Finance Monthly and Get the Latest Finance News, Opinion and Insight Direct to you every month.
chevron-right-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram