Turkish confectioner Kent Gida, which is part owned by Cadbury Schweppes, is set to receive a US$30m credit to help cut down its credit costs and alleviate financial troubles.
Interest on the credit, from the UK’s HSBC Bank, will be charged at a rate of LIBOR (London InterBank Offered Rate) plus 1.5%.
Shares in Kent Gida were valued at 237.6 trillion Turkish Lira (US$142.9m) on 13 September on the Istanbul Stock Exchange, reported the Turkish News Digest.
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