|
|
|
|
2007-07-17 00:00:00
|
Local currency loan to Efes Karaganda Brewery
The EBRD is lending 5.2 billion Tenge (€31.7 million) to Efes Karaganda Brewery JSC (“Efes ”) to support its expansion in . The transaction will be the first EBRD fixed interest rate loan denominated in Tenge.
Speaking at the signing ceremony at Efes Breweries International N.V.’s (“EBI”) plant in Almaty, EBRD President Jean Lemierre said the project was an opportunity for the Bank to provide local currency financing for one of the dynamically growing sectors in and also strengthened the EBRD’s relationship with EBI and Anadolu Efes Biracılık ve Malt San. A.Ş. (“Anadolu Efes”), the parent company of EBI with 70.2% shareholding and a dedicated investor with a long term vision for the region.
Alejandro Jimenez, CEO of EBI, added, “Our operations in have developed into one of the leading businesses in the country. We appreciate the EBRD’s support in the continued development of our business in the country”.
Efes was established in 1996 when EBI acquired the Kolos plant in Karaganda. This was followed by significant investments in capacity expansion. EBI conducts the beer operations of Anadolu Efes, a major international beverage group, in , , and .
The EBRD played a key role in financing the development of Efes ’s brewing capacity when the company built a green-field plant in Almaty in 2001. The new financing will support investments to increase Efes ’s production capacity and to enhance its marketing and distribution across a country where per capita beer consumption has grown from 6 litres in 1999 to an estimated 30 litres in 2006. The company’s product portfolio in includes a combination of strong local and international brands. Efes brands are sold in over 50 countries around the world.
The EBRD and EBI have been strategic partners since 1997 and to-date the Bank has made loans to EBI totalling €94.5 million. The EBRD also continues to be a shareholder in EBI’s operations in since 2001.
Since its establishment in 1991, the EBRD has signed more than 265 projects worth €4.0 billion in the agribusiness sector alone.
|
|
|
