# EBRD acquires majority stake in Turkish flexible packaging maker Korozo

The European Bank for Reconstruction and Development (EBRD), together with Esas Holding and Actera, has acquired a majority stake in Korozo Ambalaj, a Turkish flexible packaging producer. The deal includes a USD 1 million Clean Technology Fund loan to reduce waste. It was reported on 10 May 2017.

- Type: Investment
- Announced: 2017-05-10
- Where: Istanbul, Türkiye
- Status: completed
- Capacity: 98,000 tonnes per year across nine plants
- Products: flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Actera Group](https://endata.com/companies/799.md) (investor)
- [Korozo](https://endata.com/companies/800.md) (target)
- [EBRD](https://endata.com/companies/1323.md) (investor)
- [Esas Holding](https://endata.com/companies/1324.md) (investor)

## Sources

- [ceelegalmatters.com](https://ceelegalmatters.com/turkey/6390-paksoy-advises-ebrd-on-acquisition-of-majority-stake-in-korozo), 2017-05-10: "the new shareholders are moving to unlock the company's growth potential and increase its competitiveness and integration in international markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.