News

We are proud to announce the successful completion of an investment in Mlinar with a total value of up to EUR 80 million, led by the European Bank for Reconstruction and Development (EBRD), with participation from BOSQAR INVEST and MidEuropa, following the receipt of all required regulatory approvals and the fulfilment of all conditions. 

This investment represents an important milestone in our continued development – enabling us to further accelerate growth, invest in product development, and strengthen our presence in new markets.

The transaction also marks the conclusion of a strategic partnership focused on the long-term growth and development of Mlinar. The collaboration between the EBRD and BOSQAR INVEST has mobilised approximately EUR 170 million in financing to date, with more than EUR 80 million directed over the past two years into BOSQAR’s Future Food vertical through a combination of equity and bond investments, further contributing to the resilience and inclusiveness of the Croatian and regional economy.

The investment, with a total value of up to EUR 80 million, is led by the EBRD (up to EUR 50 million), with participation from BOSQAR INVEST and MidEuropa (up to EUR 30 million), and is structured in two phases:

Phase 1 – An initial EBRD investment of EUR 35 million for a 15.61% equity stake in Mlinar, providing capital to support accelerated expansion, further product development, and entry into new markets.

Phase 2 – An additional EUR 45 million, expected to be invested over a period of 12–24 months, with the EBRD having the option to invest up to EUR 15 million, and BOSQAR INVEST and MidEuropa having the option to invest the remaining EUR 30 million.

BOSQAR INVEST played a key role in structuring and executing this transaction, further demonstrating its expertise in delivering complex investments in partnership with leading international financial institutions.

We are grateful to our partners for their trust and strong support and look forward to continuing our joint growth journey and strengthening Mlinar’s position as a regional leader in the food industry.