EBRD support to boost growth for Turkiye's Sanmar
Turkey, Oct. 16 -- The European Bank for Reconstruction and Development (EBRD) is providing €22.5 million to Sanmar Denizcilik Makina ve Ticaret (Sanmar), one of the world's leading tugboat manufacturers, to support the company's growth and green transition.The financing comes as part of a risk-sharing facility between the EBRD and Akbank, strengthening the two institutions' partnership in supporting sustainable investment and industrial development in Turkiye, with a particular focus on small and medium-sized enterprises (SMEs) and mid-cap companies.The proceeds will help Sanmar to meet working capital requirements as it expands production and delivery of fully electric tugboats, supporting the company's growth in an increasingly dec...
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