TIRYAKI AGRO GIDA SANAYI VE TICARET.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Tiryaki was established in 1965 and is a Turkey-based regional supply chain manager with significant trading operations (2.1 million tonnes) in the MENA and CIS region. Tiryaki operates in 5 product categories: pulses, grains, oilseeds and feed, nuts and organic food. Next to product origination, Tiryaki is engaged in pulses and paddy rice processing with a total capacity of 2,180 tonnes per day. The company also operates its own storage facilities. Tiryaki sources products from 15 countries on different continents and sells to over 75 countries in Europe, Africa and Asia. Tiryaki has a diversified customer base with over 1,000 customers.
What is our funding objective?
FMO's funding is a US$25 million participation in a 3-year working capital facility of US$250 million, arranged by ABN AMRO.
Why do we fund this investment?
Providing committed medium-term working capital to growing companies such as Tiryaki is essential, given the preference of commercial banks to limit investments to short-term uncommitted working capital. Tiryaki has also been an FMO client since 2012; this financing supports the further growth and development of the company.
More investments
| Date | Total FMO financing |
|---|---|
| 9/6/2022 | USD 20.00 MLN |
| 7/16/2021 | USD 62.50 MLN |
| 4/5/2022 | USD 30.00 MLN |
| 8/10/2022 | USD 44.00 MLN |
- Region
- Europe & Central Asia
- Country
- Türkiye
- Sector
- Agribusiness, Food & Water
- Effective date
- 3/21/2014
- End date
- 4/23/2018
- Total FMO financing
- USD 46.50 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+