Güleryüz Partners advised Tiryaki Agro in the financing of USD 112.5 million
Güleryüz Partners advised Tiryaki Agro, one of the leading agricultural exporters in Türkiye and the MENA region, in the financing of a project supported by IFC, FMO and Proparco.
The financing package includes a loan of up to USD 66 million from IFC, USD 31.5 million from FMO and up to USD 15 million from Proparco, totalling USD 112.5 million and will be used to finance an agro-industrial complex in Iraq’s Umm-Qasr Port, including construction of a soybean crushing plant and warehouses.
The project is expected to bolster food security, create jobs, and diversify the country's economy away from fossil fuels.
The transaction was led by Zahide Altunbas Sancak, Ph.D., Partner together with Yasemin Keskin, LL.M., Senior Associate at Güleryüz Partners.
