European Investment Bank Backs French Dairy Cooperative Sodiaal’s €70 Mln Investment
The European Investment Bank (EIB) has approved a €70 million loan to Sodiaal, France’s largest dairy cooperative. The loan, guaranteed by the InvestEU programme, will go to research and development, the EIB said.
“The French and European agri-food industry is facing strong international competition – an issue that can be addressed by accelerating research and innovation,” EIB vice-president Ambroise Fayolle said.
Sodiaal represents around 14,500 member farmers, and owns the Yoplait, Candia and Entremont brands.
“The agricultural industry and the dairy...
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