European Bank for The Company for Reconstruction and Development (EBRD) has purchased a minority stake in Based in Istanbul global apparel DeFacto retailer for 59 million dollars (1.12 billion TL).
The bank will invest help DeFacto fuel growth and expand its footprint in He said the economies in which the lender operates in Friday statement.
DeFacto is first Turkish non-food retail company in acquired by the European Bank for Reconstruction and Development.
DeFacto use Investing to enhance inclusion credentials and transform It has human resources policies to better respond to staffing and training needs of Workers with disabilities. The company will target an increase in the share of Workers with Handicap of up to 5% across manufacturing, and retail office operations. I will invest also Promote gender equality practices across the company.
Priorities of the European Bank for Reconstruction and Development in Turkish includes internationalization of Turkish companies and increased depth and resilience of The country’s capital markets through stock transactions.
Handy Ishlak, Vice President of the European Bank for Reconstruction and Development for Al-Turki welcomed the deal, saying: “The European Bank for Reconstruction and Development remains committed to supporting flexible international and diversified capital market in Turkey and us view Our partnership with DeFacto as a vital component step towards that goal. DeFacto has it great the possibility of becoming moving force for sector and country. We are happy to provide resources for The company as it works to advance its inclusiveness and type approval certifications.”
DeFacto CEO Ihsan Ates also He said that partnership with The European Bank for Reconstruction and Development is strong evidence of long-term global success.
In 2022, we have increased our sales revenue both domestically and internationally. We entered new markets and increase our number of stores. we had record Export numbers have grown and our trade numbers have grown,” he said.
Ates pointed it out with EBRD investment, they will invest in new markets and promotion international share of DeFacto returns up to 70%.
“We will build on the success We achieved in Europe and continue our growth new- franchise generation and e-trade models,” He said.
DeFacto is a global apparel retailer with Product Show of Affordable clothing in abroad range of Categories. The company has strength international Presence with operations in over 90 countries. DeFacto countries of The process is very similar to that in Which bank It operates, including in Morocco, Kazakhstan and Egypt.
The European Bank for Reconstruction and Development is leading Institutional investor in Turkey. Since 2009, it has invested nearly €17 billion ($18.42 billion) in various sectors of Country economyon the principle in the private section.
