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Presse release
02 March 2021

Sofiprotéol and IDIA Capital Investissement support Sodiaal in its growth

Paris, 2 March 2021 – Sofiprotéol, the Avril group’s financing company, and IDIA Capital Investissement, a Crédit Agricole subsidiary, today announced they are subscribing together to equity securities issued by Sodiaal Union. This investment will strengthen the financial structure and equity of France’s leading dairy cooperative, in order to promote its growth and support its development in accordance with the aims of its strategic plan.

Sodiaal: improved resources to accelerate transformation

In line with its value creation drive, Sodiaal has been thoroughly transforming of its offering since 2017 in favour of the best valorised productions, thanks to an ambitious investment and innovation plan. The aim of this plan is twofold: to create more value for each litre of milk produced by the cooperative members while meeting the new expectations of consumers and society. Thanks to the joint investment by these two new financial partners, Sofiprotéol and IDIA Capital Investissement, the dairy cooperative now has access to improved resources for rolling out its new strategy and accelerating its investment programme.

Sofiprotéol and IDIA Capital Investissement: committed investors working to boost overall performance – both financial and extra-financial

In line with the shared aim of paying more attention to the companies’ performance as a whole, the equity securities are indexed to financial and extra-financial criteria that take account of Sodiaal’s CSR performance on key social and environmental priorities.

Jorge Boucas, CEO of the SODIAAL Group, declared: “We are delighted to have partners from the agricultural and food industry, IDIA Capital Investissement and SOFIPROTEOL, by our side for the long term, supporting us with their expertise in the sector and building a special, lasting relationship based on trust and listening to each other.”

Manuel Léal, Associate Director at IDIA Capital Investissement, added: “Sodiaal is a leading cooperative in the French and European agricultural world that we are proud to support in this new phase. We are convinced that the growth of the cooperative model must be accompanied by the development of value creation for members.”

We are very proud to support Sodiaal, France’s leading dairy cooperative, and its 17,700 milk producer members at this key stage of its development. Through this investment, Sofiprotéol confirms its willingness to support companies in the regions that contribute to the development and valorisation of plant proteins, particularly in the livestock sectors.

Violaine Grison, Investment Director at Sofiprotéol

Parties to the operation:

  • Sodiaal : Kees Gielen, Pierre-Louis De Zuchowicz, Jean Garnier, Bertrand Rousseau, Patricia Vivier
  • Sofiprotéol : Violaine Grison, Claude-Emma Komly, Pauline Colrat, Anne-Sophie-Dubourg
  • IDIA Capital Investissement : Manuel Léal, Thomas Rossille, Domitille Tandonnet, Eric Le Cann
  • Conseil financier de l’opération : Rothschild (Jean-Baptiste Petetin, Jean-Baptiste Leroux, Louis De Carrara)
  • Conseil juridique : Cleary Gottlieb (Valérie Lemaitre, Laura Birene)

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