First Milk's Gbp 130m for Capital Spend

Summary


FIRST Milk, the Glasgow-based dairy farmers co-operative, has secured GBP 130 million of funding in the largest deal of its kind so far this year in Scotland.

Barclays Commercial Bank and Lloyds TSB Commercial Finance put up the asset-based lending, which will secure further working capital for the co-op and allow capital investment.

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Extract


First Milk's Gbp 130m for Capital Spend

Capital projects include the building of a replacement creamery in Campbeltown, further investment in the company'...

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