Aaylex set to invest in Romanian poultry sector

A Polish fund with other business interests in Romania has underwritten a bond issue by one of the country’s leading poultry meat producers and exporters, Aaylex Group.

(Wabeno, Bigstock)
(Wabeno, Bigstock)

A Polish fund with other business interests in Romania has underwritten a bond issue by one of the country’s leading poultry meat producers and exporters, Aaylex Group.

Through a private bond issue, Aaylex Group has obtained EUR25 million (US$29 million at current exchange rates) through a private bond issue, reports Romania Insider.

The deal was underwritten by Credit Value Investments of Poland, which entered the Romanian market in 2016 with the aim to become the main private debt investor there.

Representative for Aaylex told Ziarul Financiar that the transaction is a significant step in the group’s history, allowing the firm to develop and expand over the next two years to become a leading vertically integrated producer in the region.

Turnover in 2017 amounted to RON584 million ( EUR127 million; US$145 million), according to the group’s controller, Bogdan Stanca. This is 23 percent higher than the RON473 million achieved the previous year.

Under its Coco Rico brand, Aaylex Group was Romania’s top poultry meat exporter in 2016, and stood at position 2 in the rankings of total meat exporters.

An integrated poultry company, Aaylex operates business units covering all aspects of the chain from feed production, through breeding, hatcheries and broiler growing to two slaughterhouses with a total capacity of 16,000 birds per hour, to distribution and retail shops nationwide. Exports to over 10 European countries account for almost 30 percent of the firm’s production.

The firm has also recently announced the full refinancing of its exposure to Banca Comerciala Romana through the OTP Bank of Romania.

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