Original disclosure @ IFC website
Updated in EWS Jul 5, 2019
Disclosed by Bank Mar 27, 2019
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According to IFC website, the Project's expected development impact includes (i) increased employment and skills development, (ii) value addition and supply chain linkages in Romania, Morocco and Algeria, and (iii) increased stakeholder benefits (i.e. customer benefits via better access to wider variety of components and parts; supplier benefits via additional domestic purchases). Beyond the project, IFC anticipates the investment will help increase the competitiveness in the auto-parts industry in Romania, Morocco and Algeria.
The Project sponsor is Ustunberk Holding A.S. (“Ustunberk Holding” or the “Sponsor”) which owns Martur’s majority shareholding. Ustunberk Holding’s main area of focus is automotive parts industry through Martur and its subsidiaries. Ustunberk Holding is established in Turkey and is privately owned by Ustunberk Family. Martur’s current shareholding structure is as follows: 83% by Ustunberk Holding, 5.4% by IFC and 11.6% by Ustunberk Family, Ustunberk Holding companies and management.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Martur Sunger ve Koltuk Tesisleri Tic. Ve San. A.S.||Client||-|
Martur Sunger ve Koltuk Tesisleri Ticaret ve Sanayi A.S.
Mr. Yalcin Turker
+90 212 345 0025
Eski Buyukdere Cad. Park Plaza No:14, Sisli/Istanbul, Turkey
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