22 Dec 2025

Clifford Chance Advises Carmistin International on EUR 500 Million Financing Arranged by BCR and ING

"Clifford Chance Badea advised Carmistin International SRL on a EUR 500 million financing arranged by Banca Comercială Română (BCR) and ING Bank N.V. – Bucharest Branch, with participation from most banks on the Romanian market. The facility, the largest private-sector financing in Romania in 2025, refinances and supports Carmistin group's expansion in poultry, pork and animal feed production."

Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, advised Carmistin International SRL in connection with a EUR 500 million financing arranged by Banca Comercială Română (BCR) and ING Bank N.V. – Bucharest Branch, with participation from most banks active on the Romanian market. The transaction was structured to finance and refinance the Carmistin group, a Romanian leader in poultry meat production and animal feed, and to support the group's expansion in the poultry, pork and feed production markets. The financing, arranged by BCR and ING Bank and supported by a broad syndicate of lenders, is reported as the largest financing granted to the Romanian private sector in 2025. The deal included a significant project finance component and required the coordination of multiple creditors across the market. Clifford Chance Badea represented Carmistin International SRL with a team composed by: Daniel Badea, Managing Partner; Oana Ionașcu, Counsel.
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