Confecto Tender

Project ID: 56503
Status: Signed
Location: Türkiye
Business Sector: Food and Agribusiness
Notice Type: Private
Environmental Category: B
Approval Date: 09 Sep 2025
Disclosure date: 26 Sep 2025
Project Description
The Project comprises EUR 40 million loan to Kervan Gida Sanayi ve Ticaret A.S. ("Kervan" or the "Company") to finance its capital expenditure plans and working capital needs, as well as to refinance its existing short-term loans.

Project Objectives
The main objective of the Project is to finance Kervan's various automation, efficiency, and maintenance investment plans for FY25/26, refinance a portion of the Company's existing short-term loans and fund the Company's working capital requirements.

Transition Impact
ETI score: 63

Green - The Project involves GET - eligible components driven by the Company's investment in renewable energy and its commitment to sustainable packaging practices, which together enable it to fully qualify under the climate mitigation objective. The GET share of the Project is 45%.

Inclusive - the Project supports human capital development by establishing a new training programme and introducing an internship initiative in collaboration with local education providers, enabling access to market-relevant skills and training opportunities in the agribusiness sector.