EBRD acquired a minority stake in DeFacto with an investment of 1.1 billion TRY.

The European Bank for Reconstruction and Development (EBRD) acquired a minority stake in DeFacto with an investment of 1.1 billion TRY. DeFacto CEO İhsan Ateş said, ‘This partnership is one of the most concrete indicators of DeFacto’s long-standing success on the path to globalization.

Operating in 93 countries across 5 continents, the global fashion brand DeFacto joined forces with the European Bank for Reconstruction and Development (EBRD), one of the world’s leading financial institutions. The EBRD, established through a partnership of the European Union, the European Investment Bank, and 64 countries, acquired a minority stake in the company with an investment of 1.1 billion TRY, adding value to the brand with its vision of sustainable development during DeFacto’s globalization drive.

Speaking at the signing ceremony, DeFacto CEO İhsan Ateş stated that the investment by the EBRD is one of the most concrete indicators of the confidence in DeFacto and its growth potential. He said, ‘With the strength of this partnership, we will further accelerate the momentum of our international expansion, where we have already made significant strides, and we aim to be present in 180 countries by 2027.’

Highlighting that the partnership with the EBRD is not only significant for DeFacto but also for the retail industry as a whole, DeFacto CEO İhsan Ateş noted, ‘The EBRD, which operates in Central and Eastern Europe, Central Asia, and the Southern and Eastern Mediterranean, partners with institutions that prioritize strong financial structures and sustainability. This partnership is one of the most concrete indicators of DeFacto’s long-standing success on the path to globalization.’

EBRD Turkey Vice President Hande Işlak commented, ‘The EBRD continues to support efforts to make Turkey’s capital markets more resilient and globally integrated while increasing diversity. We believe our partnership with DeFacto represents a significant step in this direction. DeFacto has the potential to be an inspiring example for both the industry and the country, and we, as the EBRD, are delighted to support this investment that will strengthen the company’s policies on equality and inclusiveness during this journey.

Source: https://www.bloomberght.com/ebrd-defacto-nun-1-1-milyar-tl-yatirimla-azinlik-hissesini-aldi-2323675