| Project Detail |
Location: Türkiye Project number: 54589 Business sector: Agribusiness Notice type: Private Approval date: 12 Sep 2023 Status: Exploratory PSD disclosed: 09 Aug 2023 Project Description Provision of an up to EUR 30 million working capital loan (the Loan) to Savola Gida Sanayi Ve Ticaret AS (Savola Turkey, the Company), a corporation incorporated in the Republic of Turkey. The Loan will be used by Savola Turkey to support its permanent working capital needs (the Project). Project Objectives The EBRDs financing will be used for the procurement of crude sunflower oil and other inputs. The Bank aims to support Savola Turkey with longer term financing, as the Company continues to develop its operations in Turkey. |
