The Rougier Group is focused in priority on restoring its profitability and improving its financial resources. Rougier Afrique International signed a deal for a 10-year loan from Proparco, a subsidiary of the French Development Agency (AFD), for Euro 15 million, including a three-year interest-only period, as the company said in the press release received by Lesprom Network.
This operation will finance the launch of activities in the Central African Republic, as well as some of the Group's other development projects in Africa. This loan will also help diversify the Group's sources of financing.
Rougier SA and its subsidiaries, Rougier Afrique International and Rougier Sylvaco Panneaux, have renegotiated their financing facilities with their banks in France, totaling Euro 21.4 million as of 31 December 2016. The agreement, which has been reached, will secure the Group's financing over the short term.
The Rougier Group is a market leader for certified African tropical timber. The Group has three core business lines: Rougier Afrique International (natural forest harvesting, industrial processing and international trade), Importing and distribution in France of timber from all origins (including Rougier Sylvaco Panneaux) and Plantations (research, management and investment in industrial forest plantations in Africa).
