Axereal cooperative members directly invest an additional €6.5 million in Boortmalt’s future growth projects.

Alongside the company’s financial partners, 1,650 cooperative members have invested in the malting business, increasing the share capital by €6.5m.

“This innovative project marks the start of a new phase in the history of our malting division and a significant milestone for our group, as our farmer members reaffirm their confidence in our vision, our strategy and our growth potential. We are delighted to see how successful this operation has been despite the testing market environment of the last few months, and we may consider further capital increases to finance other growth projects over the coming years,” said Oliver Legrand, Chairman of Axereal Invest and an Axereal board member.

“Over the next few years, we’ll be launching some ambitious projects at Boortmalt, to help us continue to increase our production around the world, and accelerate the decarbonisation process already underway for our operations, so that we can meet the objectives set. Seeing farmers reaffirm their confidence in us through this project is a strong signal for all our staff, who work each and every day to make Boortmalt the world’s best malting company,” said Yvan Schaepman, Boortmalt CEO.