What's Happening?
Mlinar, a Croatian baked goods producer, has secured up to €50 million ($58 million) in equity financing from the European Bank for Reconstruction and Development (EBRD) to support its expansion and modernization strategy. The investment will fund organic
growth and mergers and acquisitions, focusing on energy-efficiency improvements and inclusive workplace practices, particularly supporting female migrant workers. Mlinar, which exports to over 20 markets and operates a bakery retail network in several European countries, is poised to enhance its production capabilities and market reach. The financing follows a recent acquisition by Bosqar Invest, which took a majority stake in Mlinar, further solidifying its growth trajectory.
Why It's Important?
This investment is crucial for Mlinar as it seeks to expand its footprint in the competitive European bakery market. The funding will enable the company to enhance its production efficiency and sustainability, aligning with global trends towards energy conservation and social responsibility. By focusing on inclusive workplace practices, Mlinar is also addressing important social issues, potentially setting a precedent for other companies in the region. The EBRD's involvement underscores the strategic importance of Mlinar's business model and growth potential, providing a vote of confidence that could attract further investment and partnerships.
