Hayat Kimya secures €40M debt financing from Egypt's CIB
What's the deal? Hayat Kimya, the Turkish fast-moving consumer goods maker, has signed a €40 million investment financing agreement with Commercial International Bank (CIB)Dealroom has a profile for this one. Try Dealroom →, one of Egypt's largest private banks. The deal was signed by Hayat Kimya finance vice president Hüseyin Okur, global treasury director Ayla Hacıahmetoğlu, and CIB deputy general manager and board member Amr Y. El Ganainy.
Why now? The facility follows a €150 million long-term Murabaha financing Hayat Kimya signed in February with CitibankDealroom has a profile for this one. Try Dealroom →, ADCBDealroom has a profile for this one. Try Dealroom →, and Emirates NBDDealroom has a profile for this one. Try Dealroom →. The new CIB deal is a smaller, Egypt-focused addition to that broader funding effort rather than a standalone raise.
What's the endgame? The financing will strengthen Hayat Kimya's international operations and support its growth strategy. The company runs 28 production facilities across eight countries and reaches more than 100 markets.
Why Egypt? Hayat Kimya has invested $800 million in the country to date, making it one of its strategic priority markets. "Turkey remains our main production and management base," Okur said, adding that the company continues "to make investments in different parts of the world in line with our global strategy" (translated from Turkish).
The signal: The agreement pairs a major local lender with an established foreign investor, with no new project or capacity disclosed. CIB has recently financed other business expansions in Egypt, including an $80 million package for Eroğlu Knitting — a sign of the bank's appetite to back foreign manufacturers scaling up in the country.
Read more: loncahaber.com
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