Original disclosure @ EBRD website
Updated in EWS Jan 23, 2023
Disclosed by Bank Dec 7, 2022
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The provision of USD 20 million (EUR 20 million) long-term senior loan (the "Loan") to a soft drinks producer incorporated in Turkiye, Uludag Icecek Turk A.S.
The Bank's financing will be used to finance (i) new warehouse for its Yenice plant, (ii) a wastewater recovery facility for its Caybasi factory, and (iii) solar panel investments for both factories.
The proceeds of the Bank's investment will be used to finance a wastewater recovery facility for its Caybasi factory and solar panel investments for both factories, resulting benefits on both climate dimensions: a climate mitigation impact flows from the reduction of the Uludag's carbon emissions, and a climate adaptation impact is achieved through reducing the Uludag's water consumption.
Nizamettin Gurhan Tutlu
+90 224 738 16 00
Doganevler Mah. 3. Pazar Sk. No:115 Osmangazi/Bursa, Turkiye
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