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Efes

Türkiye | Consumer Staples

Identification Code:: OP/03/0399
Total Operation Cost:: — USD
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

20.000.000 USD – 18 Jul 2003

3.000.000 USD – 27 Feb 2004
: BSTDB Signed Amount – Signed Date

20.000.000 USD – 20 Aug 2003
: Status:
Completed
Description and Purpose of the Operation:: Anadolu Efes was established in Istanbul in 1966. The operations of the Company consist of production of beer under a number of trademarks and bottling of soft drinks under Coca-Cola trademark and its raw materials. It is the leader of Turkish brewing and malt industry.. The Black Sea expansion project represents a high cooperation impact. EBI has established successful and profitable operations and markets and has further aspirations in the Black Sea Region.
Countries of Operation:: Türkiye (100,00%)
Financial Product:: Loans
Sector:: Consumer Staples
Domain:: Private
Borrower/Client:: Efes Breweries International N.V. (EBI) was incorporated in the Netherlands in 1996 to carry out the international beer operations of Anadolu Efes based in Turkey. The Company acts as a Holding Company facilitating investments in breweries.
Co-Financers/Participants:: EBRD
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: The project is consistent with BSTDB main eligibility criteria specified in the Establishing Agreement and in the Rules and Regulations for Financing Projects and Commercial Activities. BSTDB participation in the Project will: - Help bringing a positive development impact and; - Promote regional co-operation between the member countries.
Environmental Classification and Impact:: The environmental audit that has been undertaken internally by the Environmental Unit shows that, the Borrower is in compliance with subject legal requirements of the countries of operation, namely environmental, health and safety rules and regulations applicable to beer and soft drinks production.
Operation Leader:: General Industries, Transport, Tourism 2
E-mail:: gitt2@bstdb.org