Turkish seabream and seabass farmer Kilic Deniz has secured an €80 million ($95.3 million) syndicated loan from two European development banks to aid it with its business expansion across Turkey.
The syndication is led by FMO, the Dutch development bank, which is committing €65 million ($77.5 million), with participation from Proparco, France’s development finance institution, committing €15 million ($17.9 million).
The loan will be used to support Kilic Deniz’s ongoing business expansion across Turkey and further promote the company’s sustainable production of seabass, seabream, and rainbow trout, while also optimizing its balance sheet.
