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DNB Banka grants EUR 922,500 loan to Junge confectionery

BC, Riga, 16.06.2017.Print version
DNB Banka has granted EUR 922,500 loan to Junge confectionery plant, DNB Banka`s representative announced.

The loan will be used for construction of a new plant, production and storage systems, the bank reported.

Junge, founded in 2002, runs June and Kuku Paradize pastry shops and cafes.

Junge belongs to Germany’s Konditorei Junge GmbH &Co (40%) and two Latvian individuals – Kaspars Garlejs (40%) and Aiva Garleja (20%).

In 2015, Junge generated EUR 2.55 mln in sales and earned EUR 77,287. Data about 2016 are not yet available.

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