The first tomatoes are harvested in Frövi, which marks a significant milestone and proof of concept!

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The first tomatoes are harvested in Frövi, which marks a significant milestone and proof of concept!

At the beginning of August, FoodVentures harvested the first batch of locally produced tomatoes distributed to ICA Gruppen stores across Sweden. This milestone is a significant proof of concept and a reminder that industrial-scale circularity is doable and 100% ready to deliver impact today.

Vinga Corporate Finance has structured EUR 70 million of financing to realize the project. Thank you, WA3RM and Regenergy Frövi, for giving us the opportunity to contribute to Swedish industrial history.

To celebrate this first harvest, a solemn opening ceremony on September 6 will be held at the facility in Frövi, where Sweden's Minister of Finance, Elisabeth Svantesson, will participate together with the Governor of Örebro County, Lena Rådström Baastad, ICA Sweden's CEO Eric Lundberg, and Billerud's CEO, Ivar Vattne.

For further information, please contact
Johan Bergström
Vice president, Vinga Corporate Finance
+46 720 80 30 03
jb@vingacorp.se

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Another significant milestone achieved

Another significant milestone achieved

Seeing the now-finished greenhouse where tomato plants have been installed is inspiring. Vinga Group congratulates WA3RM and Regenergy Frövi on achieving this important milestone and looks forward to the first harvest, expected in August.

WA3RM publishes Green Bond Framework with a Second Party Opinion provided by DNV

WA3RM publishes Green Bond Framework with a Second Party Opinion provided by DNV

In 2023, Regenergy Frövi AB (“RFAB”) initiated a bond issue of up to EUR 70 million to finance development of the company’s greenhouse project. In parallel, the development company WA3RM has developed and now published its inaugural Green Bond Framework, which will cover the current bond issue. The Framework has been reviewed by DNV, a global company in assurance and risk management.

Vinga acted as advisor in connection with the EUR 25 million secured fixed-rate bond issue for Regenergy Frövi AB

Vinga acted as advisor in connection with the EUR 25 million secured fixed-rate bond issue for Regenergy Frövi AB

Regenergy Frövi AB, the project owner of a large-scale development of an innovative greenhouse facility, successfully closed a EUR 25 million secured fixed-rate corporate bond. This transaction is a partial closing of the Issuer's framework of up to EUR 70 million, and the capital raising will continue with several tap issues.
The bond issue was well received by the market, demonstrating the pr

Industrial history in the making

Industrial history in the making

The March 5th issue of Dagens Industri (Sweden’s leading business publication) includes an in-depth story on WA3RM AB and Regenergy Frövi, as well as the financing structured by Vinga Corporate Finance. The piece highlights how the company utilizes waste heat and renewable electricity to produce 8 000 tonnes of locally grown tomatoes. In this way, Regenergy Frövi contributes to increased self- suf

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