EU-Armenia SME Fund Invests $6 Million in Bacon Holding for Growth and Modernization
The EU-Armenia SME Fund has invested $6 million in Bacon Holding to enhance operational capabilities and market position. The investment will drive process automation, logistics upgrades, product development, and market expansion. Both Amber Capital Armenia and Bacon Product aim to leverage this partnership for sustainable growth and increased market share.
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The EU-Armenia SME Fund invested $6 million in Bacon Holding to support growth and strengthen market position. This investment will focus on operational modernization and infrastructure enhancement, including process automation and logistics upgrades.
The strategy aims to improve efficiency and scalability while advancing product portfolio development and strengthening the commercial platform for market expansion. The EU-Armenia SME Fund, managed by Amber Capital Armenia, was launched in January 2020, raising over $60 million to finance sustainable growth in Armenian businesses.
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