#Italy #Beko #Rome #SACE #Koç Holding

Beko Secures Strategic €125 Million Loan from SACE

In a significant move to enhance its capital structure, Beko, a leading global manufacturer of home appliances, has successfully secured a strategic loan of €125 million from SACE, Italy’s export credit agency. This ten-year loan will not only reinforce Beko's financial position but also contribute to its strategic development goals.

The loan agreement was solidified during a formal signing ceremony held in Rome, where key figures from Beko and SACE, including Fatih Kemal Ebiçlioğlu, the President of Koç Holding's Durable Goods Group, and Alessandra Ricci, CEO of SACE, were present. Their joint participation underscored the mutual commitment to enhancing economic cooperation between Beko and Italian enterprises.

This long-term financing plan significantly strengthens Beko’s capital structure and enables the company to drive strategic growth initiatives. Notably, it also paves the way for future collaborations with Italian suppliers, thereby fortifying the European supply chain ecosystem. It emphasizes Beko’s commitment to long-term financial partnerships, aligning with SACE's ‘Push Strategy’ aimed at connecting international strategic buyers with Italy's production system.

As part of this program, Beko plans to engage in business meetings with Italian firms to explore new commercial opportunities, fostering a spirit of collaboration and innovation within the industry. Fatih Kemal Ebiçlioğlu remarked on the importance of this financial agreement, stating that it represents a crucial milestone in Beko's long-term strategy. He emphasized that it opens valuable collaborative opportunities with Italian partners while showcasing Beko's dedication to sustainable and responsible operational development.

Barış Alparslan, Beko's Chief Financial Officer, also highlighted the transaction's significance, stating, “This agreement provides substantial financial flexibility for our operations and reflects the confidence that leading global institutions have in our long-term approach.”

SACE's CEO, Alessandra Ricci, commented on the partnership, expressing pride in beginning a collaboration with Beko, a globally recognized industrial leader and strategic partner. She noted that this operation exemplifies how SACE's Push Strategy can produce tangible opportunities for Italian businesses by fostering innovation and facilitating access to new value chains in an increasingly complex global landscape.

Major European banks, BNP Paribas and Deutsche Bank, were integral to this loan, acting as authorized lead arrangers, ensuring a smooth transaction process.

About Beko

Beko is an international home appliance company with a strong global presence. With operations spanning over 55 countries and a workforce of more than 50,000 employees, Beko has established production facilities in various regions, including Europe, Asia, Africa, and the Middle East. The brand boasts a portfolio of 22 proprietary or limited-license brands, including Arçelik, Whirlpool, Grundig, and others, and became the largest home appliance manufacturer in Europe based on volume market share, achieving consolidated revenue of €10.6 billion in 2024.

Beko is steadfast in its commitment to sustainability, having received the highest ratings in the Corporate Sustainability Assessment by SP Global for six consecutive years in the durable consumer goods sector and being featured in the Dow Jones Sustainability Indices for the eighth consecutive time. Beko’s vision is “Respected worldwide, while respecting the world.”

About SACE

SACE is the insurance and financial group controlled by Italy's Ministry of Economy and Finance. It specializes in fostering the growth of Italian enterprises by providing a broad range of solutions to facilitate exports and promote innovation, including financial guarantees, factoring, risk management, consulting services, and matchmaking for businesses. With a network covering 11 offices in Italy and 13 worldwide, SACE serves over 60,000 enterprises, supporting their growth in Italy with a portfolio of insured operations and guaranteed investments amounting to €270 billion across approximately 200 foreign markets.