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PRESS RELEASE: Promoting innovation and climate action in agriculture: European Investment Bank provides a ?200 million loan to KWS SAAT

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DGAP-News: KWS SAAT SE & Co. KGaA / Key word(s): Financing
Promoting innovation and climate action in agriculture: European Investment
Bank provides a &euro200 million loan to KWS SAAT

2020-06-29 / 09:00
The issuer is solely responsible for the content of this announcement.

*Funds to be used by German seed company for research and development *

The European Investment Bank (EIB) is providing a &euro200 million loan to
KWS SAAT SE & Co. KGaA, a leading international seed producer based in
Germany. KWS uses cutting-edge plant breeding and seed production methods to
maximise yields and improve the resilience of plants to diseases, pests and
abiotic stresses, such as extreme weather caused by climate change. It has
one of the broadest seed portfolios in the industry, comprising 11 of the 13
most important crops, including maize, sugar beet, wheat, rye, rapeseed and
vegetables.

The funds provided by the EU bank are to be used by KWS for research and
development in the EU. Like KWS, the EIB hopes that these funds will make a
valuable contribution to the objectives of the European Green Deal, and in
particular the Farm to Fork strategy developed by the European Commission.

The EIB Vice-President responsible for innovation and for operations in
Germany, Ambroise Fayolle, said: "Innovation in new seed varieties is
vitally important if we want to ensure agricultural productivity under
changing agro-climatic conditions. The only way we will be able to select
plants that can withstand changing abiotic and biotic stresses and use
nutrients and water from the soil more efficiently is through targeted
research. The development of improved, not genetically modified varieties of
agricultural crops helps reduce the use of pesticides and fertilisers and
significantly contributes to sustainable agriculture. As the EU Climate
Bank, we are strongly committed to finance mitigation, adaptation and many
other relevant climate related projects. I therefore very much welcome this
partnership with KWS to promote the production of new seed varieties for the
European market."

KWS's CFO Eva Kienle added: "We are delighted with the European Investment
Bank's strong commitment to innovation and climate action in agriculture. A
major joint effort is required to respond to the challenges of climate
change and climate action in agriculture. As a leading plant breeding
company, we invest around &euro200 million a year in research and
development to provide farmers with continuously innovative seed varieties.
The attractive conditions of the EIB loan will help us optimise our
financing structure even further."

*Background information*

*EIB*
The European Investment Bank (EIB) is the long-term lending institution of
the European Union, owned by its Member States. It makes long-term finance
available for sound investment in order to contribute towards EU policy
goals.

*KWS*
KWS is a leading international plant breeding company. With over 5 500
employees across 70 countries, it recorded a turnover of &euro1.1 billion
and achieved earnings before interest and taxes (EBIT) of &euro150 million
in the 2018/2019 financial year. KWS is an independent family-owned business
that was founded 160 years ago. Its core business is plant breeding and the
production and sale of maize, sugar beet, wheat, vegetable and sunflower
seeds and rapeseed. KWS uses cutting-edge plant breeding methods to maximise
yields and improve the resilience of plants to diseases, pests and abiotic
stresses. To help achieve this objective, it invested around &euro200
million in research and development in the last financial year.
For more information: www.kws.com [1]. Follow us on Twitter(R) at
https://twitter.com/KWS_Group [2].

*Press contacts:*

*KWS
Peter Vogt*, Head of Investor Relations, tel.: +49-30 816914-490,
peter.vogt@kws.com

*Sina Barnkothe*, Corporate Communications, tel.: +49-5561 311-1783,
sina.barnkothe@kws.com

*EIB*
*Christof Roche*, c.roche@eib.org, tel.: +352 43 79 89013, mobile: +32 479
65 05 88
Website: www.eib.org/press [3] - Press Office: +352 4379 21000 -
press@eib.org

/ / / / / /

2020-06-29 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: KWS SAAT SE & Co. KGaA
Grimsehlstraße 31
37555 Einbeck
Germany
Phone: +49 (0)5561 311-0
Fax: +49 (0)5561 311-322
E-mail: info@kws.com
Internet: www.kws.de
ISIN: DE0007074007
WKN: 707400
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1080735

End of News DGAP News Service

1080735 2020-06-29


1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=6454653a5507923ffad8c25f0d2aa005&application_id=1080735&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=08022ba842e7d64e19551e66b6e33237&application_id=1080735&site_id=vwd&application_name=news
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c6aac9085bf1684b49418ca6822fc133&application_id=1080735&site_id=vwd&application_name=news


(END) Dow Jones Newswires

June 29, 2020 03:00 ET ( 07:00 GMT)
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