As stated by the IFC, the project consists of a sustainability-linked loan of up to EUR 75 million to Ulker Biskuvi Sanayi A.S., one of the leading snackings brands in Turkiye, with a diverse product portfolio which includes biscuits, cakes and chocolates amongst others.
The Bank's loan will be used to refinance EBRD's existing bilateral loan from 2020 maturing in April 2023 into a sustainability-linked loan and will be part of a larger refinancing package of an existing syndication facility.
From the IFC's website:
Founded in 1944, Ulker is one of Turkiye's leading and best known snackings brands, with a diverse product portfolio including biscuits, crackers, wafers, cakes, chocolate, among others. Ulker is a publicly traded company, with majority shares belonging to Pladis Foods Limited, which is owned by Yildiz Holding. Yildiz Holding also controls international companies United Biscuits, De Met's and Godiva, among others. Ulker has production facilities in Turkiye as well as other countries including Egypt, Saudi Arabia, United Arab Emirates and Kazakhstan.
|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.:
Fulya Banu Surucu
Phone: + 90 (216) 524 2500 / + 90 (216) 316 4344
Address: Kisikli Mahallesi Ferah Caddesi No: 1, Buyuk Camlica/Uskudar, Istanbul, Turkiye
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: email@example.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html