Frigoglass S.A.I.C. announced that it expects to receive €10 million in funding from Frigoglass Finance B.V., Frigoinvest Holdings B.V.
December 04, 2022
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Frigoglass S.A.I.C. announced that it has signed the subscription agreement for the gross proceeds of €10 million on December 5, 2022. The transaction will include participation from Frigoglass Finance B.V. and Frigoinvest Holdings B.V. The company issued non convertible debt in the transaction. The maturity date of the bonds is December 31, 2023.
Frigoglass SA is a Greece-based international group engaged in the manufacture, trade and distribution of commercial refrigeration units and packaging materials primarily used in the beverage industry. Its products include Ice Cold Merchandisers, which are refrigeration units for commercial use; glass containers, including bottles for soft and alcohol drinks, jars used for cosmetics and pharmaceuticals; plastics, which include plastic crates for the beverage industry, polyethylene pipes and plastics for industrial applications; metal crowns used in the sealing of beverage bottles, and home refrigeration, specializing in customized units for corners, pantries and wine cellars for the home use. It has production facilities in Romania, Russia, Greece, Turkey, India, China, Indonesia, South Africa, Nigeria, and the United States. It also has sales offices established across Europe, Africa and Asia. Its customers include Coca-Cola, Carlsberg, Diageo, Heineken and Nestle.
FRIGOGLASS S.A.I.C. 
