Puratos has closed on a EUR 1 billion sustainable financing through the issue of bonds to a group of private investors. The first draw of the financing will be used to further accelerate the Cacao-Trace programme which was founded by Puratos, the international manufacturer of ingredients for the bakery, patisserie and chocolate sectors. Cacao-Trace helps cocoa farmers increase their revenue thanks to the production of superior tasting chocolate, achieved by mastering the fermentation process.
The Eubelius team acted as lead counsel for Puratos and consisted of Marieke Wyckaert, Thomas Donnez, Sabe De Graef and Elisa Schils.
More information on the transaction is available in the press release from Puratos and the articles published in De Tijd “Puratos haalt 1 miljard euro binnen voor project rond duurzame chocolade” (in Dutch) and in l’Echo “Puratos lève 1 milliard pour un projet de chocolat durable” (in French).