With the syndicated loan of US$ 55 million obtained last Wednesday, Agrenco Group raises to US$ 80 million the amount of direct financing to grain production. Added to another US$ 40 million provided through Finacom to cooperatives and other suppliers, the total amount represents origination of 1.25 million tons of soybeans in the 2005-06 crop.

As a consequence of market practices, Agrenco Group has 2 million tons of soybeans guaranteed for next crop, to be originated in Mato Grosso, Mato Grosso do Sul, Parana and other States.

The credit of US$ 55 million was achieved through a pool of European banks, led by German HSH Nordbank, including Commerzbank and KBC Group, from Belgium. The operation was structured by Finacom, Agrenco’s financial subsidiary, based in Europe.