Bank of Georgia Group PLC (“BOGG”) has officially announced its plan to acquire 100% of Ameriabank CJSC, a leading Armenian bank, for approximately $303.6 million. This strategic move is poised to significantly bolster BOGG’s footprint and growth prospects in the fast-evolving and promising Armenian market. The acquisition, subject to shareholder and regulatory approvals, marks a […]
ACWA Power, a leader in the global energy transition and the world’s largest private water desalination company, has announced the financial close for its Kom Ombo solar project. This utility-scale solar power plant, with a 200MW capacity, is situated in Egypt and comes with an overall investment cost of $182 million. Scheduled to be commercially […]
In an attempt to address Ankara’s rapid population growth and environmental challenges, the European Bank for Reconstruction and Development (EBRD) has pledged €125 million to support the construction of the Dikimevi-Natoyolu metro line in Turkey’s capital city, Ankara. The funds are part of a larger €250 million co-financing package together with the Agence Française de […]
The European Bank for Reconstruction and Development (EBRD) said that its board of directors has sanctioned a new €190 million loan tranche for Ukravtodor, the Ukrainian state road agency, to further enhance the road infrastructure in Ukraine. The new loan tranche is part of a €450 million package. It will be used for upgrading sections […]
The European Bank for Reconstruction and Development (EBRD) and Goldman Sachs are jointly investing in Turkish fintech company – DgPays, as per an announcement made in March 2021. The transaction is subject to regulatory approval. Established in 2017, DgPays is a banking technology company that is said to power the digital payment structures of banks […]
The European Bank for Reconstruction and Development (EBRD) alongside the Global Concessional Financing Facility (GCFF) and the UK’s Foreign, Commonwealth and Development Office (FCDO) has launched the construction of a wastewater pipeline in Amman, Jordan. The wastewater pipeline is expected to ease the pressure on Amman and generate water for irrigation purposes. The Water Authority […]
The European Bank for Reconstruction and Development (EBRD) has acquired a stake of 2.62% in UK-based Adriatic Metals for €6.62 million to support development of the latter’s Vareš silver project in Bosnia and Herzegovina. The bank’s investment will be used for financing the transition from exploration to mine development. The Vareš silver project is located […]
The European Bank for Reconstruction and Development (EBRD) has announced a loan of up to €6 million to Banja Luka, the second-largest city in Bosnia and Herzegovina, for improving its water supply and wastewater collection. The city has a population of around 200,000. EBRD’s loan will be granted under EBRD Green Cities, a framework that […]
Ülker Bisküvi Sanay, a Turkish confectionery producer, has secured a financial package of $455 million from the European Bank for Reconstruction and Development (EBRD) to continue its operations and expand them further in Turkey and overseas. The company has secured the financial package from eight lenders with three-year maturity, which comprises a syndicated facility of […]
The European Bank for Reconstruction and Development (EBRD) will boost the olive oil sector in Morocco by granting a loan of up to MAD 55 million (€5 million) to Al Dahra Holding subsidiaries in the country – Al Dahra Morocco Factories (ADFAC) and Al Dahra Morocco (ADMO). Proceeds from the EBRD loan will be used […]