The Banco Financiera Comercial Hondureña S.A. (Ficohsa) and Guatemala's Banco GT Continental, together with several local banks, including Atlántida, BAC-Bamer, GTC Bank, Banco Aliado and Tower Bank, have put together a syndicated loan of 77 million dollars for Corporación Dinant.
The funds will be used for investment in plant and agro-industry. Surplus funds will be used for publicity and marketing.
The company plans to consolidate its activities and introduce new products. It will also boaden its participation in the Central American market and Panama, according to the signatories.
Dinant currently employs nearly 7,000 employees throughout the region.
It is the dominant producer and distributor of locally recognized snack foods such as Ranchitas, Zambos, Yuca Juba, and Cappy, as well as other food products.
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