AB Akola Group Secures €30 Million Citibank Financing for Grain Purchases

Reuters01-12

AB Akola Group Secures €30 Million <a href="https://laohu8.com/S/C">Citibank</a> Financing for Grain Purchases

AB Akola Group, through its subsidiary "Linas Agro," has secured a EUR 30 million working capital financing agreement with Citibank N.A., London Branch. The funds will be used to support grain purchasing operations at the Port of Klaipeda. This transaction marks one of the few large-scale agribusiness financings in Lithuania involving an international commercial bank. Executives from Akola Group and "Linas Agro" highlighted that the agreement enhances the group’s international visibility, diversifies its funding sources, and strengthens its role in global export supply chains. The facility utilizes a trade financing structure not available from local banks, enabling efficient funding for raw material purchases.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB Akola Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001158749-en) on January 12, 2026, and is solely responsible for the information contained therein.

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The funds will be used to support grain purchasing operations at the Port of Klaipeda. This transaction marks one of the few large-scale agribusiness financings in Lithuania involving an international commercial bank. Executives from Akola Group and \"Linas Agro\" highlighted that the agreement enhances the group’s international visibility, diversifies its funding sources, and strengthens its role in global export supply chains. The facility utilizes a trade financing structure not available from local banks, enabling efficient funding for raw material purchases.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AB Akola Group published the original content used to generate this news brief via GlobeNewswire (Ref. 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