46286
KARSAN OTOMOTIV SANAYII VE TICARET ANONIM SIRKETI
Jan 8, 2024
Turkiye
Central Asia and Turkiye
Dec 7, 2023
B - Limited
Active
Mar 17, 2024
CM5IS - Regional Industry MAS MCT/MAS MCT Investment Services
Manufacturing
Approved : Dec 7, 2023
Signed : Dec 18, 2023
Invested : Mar 15, 2024
Automotive and Light Vehicle
The proposed investment is a senior A-Loan of up to EUR 35m (the IFC Loan) to Karsan Otomotiv Sanayii ve Ticaret A.S. (“Karsan”, or the Company), a Turkish manufacturer of conventional and electric light commercial vehicles (“LCVs”) and buses.
The IFC Loan aims at (i) refinancing Karsan’s transition to electric vehicles (“EV”) including the acquisition of EV-linked intellectual property rights; and (ii) financing working capital requirements linked to EV sales (the “Project”).
Karsan is a manufacturer and seller of commercial vehicles and spare parts with a special focus on conventional and electric LCVs and buses. The Company operates in four main fields: (i) strategic partnerships (including manufacturing, marketing, sales, and after-sales services for brands, which target growth in the region), (ii) contract-based production (iii) original equipment manufacturing, and (iv) integrated & industrial solutions.
There are no Associated Advisory Services Engagements.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Karsan Headquarters. Address: Hasanaga Organize Sanayi Bolgesi, Sanayi Caddesi, No:53, 16280 Nilufer / Bursa