MFB Invest to inject EUR 17.5m in Opus isoglucose unit

miMFB Invest, a unit of the state-owned Hungarian Development Bank (MFB), will invest EUR 17.5m in KALL Ingredients to support the development of the company’s isoglucose plant in Tiszapuspoki (E Hungary), a disclosure by KALL Ingredient’s owner shows.

Listed holding company Opus Global said EUR 16.3m of the capital injection will go into capital reserves, while EUR 1.2bn will raise registered capital under a contract approved by the Opus board.

KALL Ingredients inaugurated its HUF 45bn isoglucose plant in the autumn of 2017.

In a separate statement, Opus’s PR agent said the fresh capital would support investments to be completed by the end of 2020, including ones in R+D and logistics. The developments will boost KALL Ingredients’ export revenue already in the short term and raise its share of total turnover from 50pc at present, the agent added.