Korozo

Turkish flexible packaging maker Korozo Ambalaj signed stock transfer and partnership agreements with private equity firm Actera Group. The transaction awaits Turkish Competition Authority approval.

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.

The EBRD, private equity investor Actera and Esas Holding are acquiring a majority stake in Korozo Ambalaj, Turkey's leading flexible packaging producer. The deal includes a US$1 million Clean Technology Fund loan, and Korozo is building a new plant in Çorlu, Tekirdağ.

Funding company Actera Group acquired a majority stake in Korozo, a Turkish packaging firm with nine factories in Istanbul and Izmir, according to media reports. The deal awaits Competition Authority approval.