Original disclosure @ EBRD website
Updated in EWS Mar 16, 2023
Disclosed by Bank May 7, 2020
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A loan of EUR 75m to Ulker Biskuvi Sanayi A.S., the leading confectionery producer in Turkey which operates production facilities in Turkey, Egypt, Kazakhstan and Saudi Arabia.
The proceeds of the loan will be used for paying off the syndicated loan facility maturing in April 2020 and the company's strategic investment projects.
From the EBRD's website:
Founded in 1944, Ulker Biskuvi is one of Turkey's best-known confectionary brands, with a diverse product portfolio including biscuits, cakes, chocolates and other. The company exports its products to Europe, North Africa, CIS, the Middle East, North America and other, and has equity interests in international brands such as McVities and Godiva.
The company is 51.0% owned by Pladis Foods Limited (in turn 100% owned by Yildiz Holding), 1.97% by Yildiz Holding directly and the remaining stake (5.64%) is owned by Ulker family members. The remaining 41.4% is free float on Borsa Istanbul.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Pladis Foods Limited||Investor||Agriculture and Forestry|
|-||-||-||-||Ulker Biskuvi Sanayi AS||Client||Agriculture and Forestry|
Client - Ulker Biskuvi Sanayi A.S.:
Mr. Cenker Ucan - Regional CFO
Phone: +90 216 524 25 00 / +90 216 316 43 44
Address: Kisikli Mah. Ferah Cad. No:1 Buyuk Camlica, Uskudar Istanbul, Turkey
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