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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
