Linas Agro Secures 30 Million Euros from Citibank to Power Grain Exports
Panevėžys, Monday, 12 January 2026.
In a significant move for Lithuanian agribusiness, Linas Agro secured 30 million euros from Citibank to finance grain operations at the Port of Klaipeda and strengthen global export chains.
Strategic Liquidity Injection
On January 12, 2026, Linas Agro, a key subsidiary of the AB Akola Group, finalized a significant credit agreement with Citibank N.A., London Branch [1]. The deal secures 30 million euros in working capital, specifically earmarked to finance grain purchasing operations [1][2]. This financial infusion is designed to facilitate smoother seasonal grain purchasing flows and allows the company to manage its working capital more efficiently at the Port of Klaipeda, a critical logistics hub for the region’s agriculture sector [1]. By securing this facility, Linas Agro aims to diversify its funding sources, blending local partnerships with global financial support to bolster its operational resilience [1].
A Rare International Partnership
The involvement of a major global institution distinguishes this transaction within the regional market. This agreement stands as one of the few agribusiness financing transactions in Lithuania to involve an international commercial bank of this scale [3]. Mažvydas Šileika, Deputy CEO for Finance and Investments at Akola Group, described the cooperation with a global banking leader as a significant recognition of the group’s operating standards [1]. For the Akola Group, this move is not merely about liquidity; it is a strategic step intended to enhance the group’s visibility in international markets and expand its network of financial partners [2].
Export Markets and Harvest Metrics
The financing utilizes a “Borrowing Base Finance” solution, which is tailored to support the trade flows essential to the Baltic region [1]. Lithuania’s agricultural output is substantial, with farmers harvesting between 7 and 8 million tonnes of cereals annually, the majority of which is wheat [1][2]. Approximately 70% of this wheat crop is destined for export, underscoring the necessity for robust trade financing [1]. Linas Agro, as a major buyer of wheat and rapeseed in the Baltic states, relies on these funds to maintain its position in global export supply chains [2].
Operational Outlook
Looking ahead, the agreement is viewed by company leadership as a cornerstone for continued expansion. Jonas Bakšys, CEO of Linas Agro, emphasized that the deal is a clear sign of the company’s reliability and competitiveness [1]. By securing access to capital from a top-tier international bank, Linas Agro is positioning itself to navigate the cyclical nature of agricultural commodities with greater stability, reinforcing its reputation as a dependable long-term supplier in the global market [1][2].