Project Notice |
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| PNR | 45016 |
| Project Name | DFF - Sesa Ambalaj Loan |
| Project Detail | Provision of a senior unsecured loan of up to EUR 11.4 million to Sesa, to be disbursed in EUR and/or TRY in two tranches each with a maturity of 5 years and 1 year of grace period (the "Loan"). The Loan includes a committed tranche of EUR 9m (the "Committed Tranche") to finance the Companys 2022 capex plans and an uncommitted tranche of EUR 2.4m (the "Uncommitted Tranche") to finance the Companys 2023 capex plans. Project Objectives The key objective of the transaction is to support the Companys gradual transition into sustainable packaging and improve its resource efficiency measures. These will be achieved through installment of a solvent recovery unit and an extruder equipment. The Project is consistent with the Banks Agribusiness Sector Strategy (BDS18-166(F)) which "supports sustainable agribusiness and [...] to support private sector development". The Project is also in line with the Banks Strategy for Turkey (BDS/TK/19-01(F)) highlighting that the Bank will contribute to increased energy/resource efficiency and increased gender equality in access to economic opportunities. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Administration & Marketing |
| Country | Turkey , Western Asia |
| Project Value | TRY 11,400,000 |
Contact Information |
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| Company Name | SESA AMBALAJ VE PLASTIK SANAYI TICARET AS |
| Address | Fatih Yuzbas, Finance & Administration Manager fatih@sesaplastik.com.tr +90 (232) 877 1061 https://www.sesaplastik.com.tr/en/ KOSB Mahallesi, Gazi Bulvari, No:150, Kemalpasa, Izmir, Turkey |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/52676.html |
