Diana Holding secures a Euro-denominated loan from the European Investment Bank

  • Date: July 2017
  • Exclusive Financial Advisor: Ascent Capital Partners
  • Legal Advisors: Dentons and AB Law Group

Transaction highlights

  • In July 2017, Diana Holding, one of Morocco’s leading agribusiness players, secured a €35 million loan from the European Investment Bank (EIB)
  • The loan was a component of the total indebtedness relative to Diana’s strategic expansion plan for the 2015-2020 period
  • The transaction allowed Diana Holding to reinforce its production capacity and its integration in high-growth activities such as bottling, carbonated drinks and plasturgy. It also allowed the Group to reinforce its positioning in other fields with high export potential such as citrus production and packing
  • This transaction represents the first direct loan granted by BEI to a private group in Morocco
  • Ascent Capital Partners acted as exclusive financial advisor to Diana Holding on the deal

Company overview

  • Diana Holding is one of the largest and most respected agribusiness players in Morocco:
    • Leading producer and distributor of alcoholic and non-alcoholic beverages
    • One of the major bottlers for Coca Cola in Morocco
    • Major integrated player in the Moroccan poultry sector
    • Leading diversified agricultural player, representing the second largest agricultural domain in Morocco
  • Founded in 1956 and owned by the Zniber family, Diana Holding employs over 6,000 employees and benefits from a nationwide coverage platform