RBS Romania provides financing for La Lorraineaa‚¬a„¢s first local frozen bakery

RBS has provided a EUR 7 million financing line for the EUR 17 million La Lorraine frozen bakery products plant opened in Romania last week. The total investment was partly covered by European funds and shareholders contribution.

La Lorraine Romania is a strategic partnership between Macromex, the largest distributor of frozen products in Romania, and Belgian company La Lorraine Bakery. The plant in Romania is located in the Reif industrial park in Campia Turzii.

The project is co-finance by the Payment Agency for Rural Development and Fishing within the National Rural Development Program. The public contribution to the investment is worth EUR 2.9 million, out of which 80 percent are coming from the European Union and 20 percent from the Romanian state.