Atlantic Grupa borrows for expansion
This article was originally published in Scrip
Executive Summary
Croatia's Atlantic Grupa, a producer and distributor of pharmaceuticals and medical goods, has signed an eight-year agreement with the German Development Bank (DEG), a member of KfW Bankengruppe and one of Atlantic Grupa's shareholders. Under the agreement, the company will receive a €20 million credit from the bank which will mainly help to fund the further expansion of its pharmaceutical business, including acquisitions.