Madrid, October 24, 2024. COFIDES will contribute to consolidating the internationalization of the company AMFRESH Group, specialized in the production of fresh and natural foods. To this end, it took part in a syndicated loan with other financial institutions in which COFIDES will provide €20M from the Fund for Foreign Investment (FIEX). The total investment of €210M will be used to strengthen the company's internationalization.
COFIDES has supported the company's international trajectory since 2019 by endorsing its expansion in Australia and the UK.
The corporate director of COFIDES' Investment Department, Miguel Ángel Ladero, stated that "COFIDES is very pleased to continue supporting the growth of AMFRESH, an international benchmark in fruit production characterized by innovation and its commitment to sustainability and excellence."
The CEO of AMFRESH Group, Álvaro Muñoz, expressed his satisfaction with this operation, "not only because it allows us to consolidate the financing of our recent expansion operations and provide them with an optimal structure, but also because of the broad backing of first class financial institutions that understand and support our growth plan to become global leaders in the industry."
ABOUT AMFRESH GROUP
AMFRESH is a leading global innovation platform in the fruit sector and its customers are the world's major retailers. It has been able to stand out itself through biotechnology, with a wide range of varieties that respond to consumer demand, and its vertical integration in the value chain. With a strong presence in the European market, it has operational centers in Spain, France, the Netherlands, the UK, South Africa, Mexico, Peru, Chile, and also in the USA and Canada, as well as in Malaysia and the rest of Southeast Asia.
ABOUT COFIDES
COFIDES is a state-owned trading company that manages state funds, as well as its own resources and those of third-party institutions. COFIDES's mission is to support the internationalization of the Spanish economy, attract foreign investment into strategic sectors in Spain, promote the impact economy, and contribute to global economic development. COFIDES is also instrumental in strengthening the solvency of Spanish companies, particularly in response to challenges such as the COVID-19 pandemic. COFIDES’s shareholders include the Spanish State, Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF-Development Bank of Latin America.
