Banking & Finance EBRD provides $80m to support Turkey’s hospital infrastructure By Reuters December 20, 2022, 5:15 AM Unsplash.com The financing will enable Ronesans to become the country's largest platform for the development of social infrastructure The European Bank for Reconstruction and Development (EBRD) will provide a €75 million ($80 million) long-term convertible loan to a subsidiary of Turkey’s Ronesans Holding for investment in hospital infrastructure. Ronesans Saglik Yatirim, the unit of the conglomerate that runs hospitals, will undertake to complete the newly acquired hospital project in their portfolio, EBRD said. In a statement, EBRD said the financing will enable Ronesans to become the country’s largest platform for the development of social infrastructure and public-private partnerships and enhance the company’s resilience and sustainability credentials. Most of the loan proceeds will be used to finance capital expenditure for the investments of Ronesans Saglik Yatirim, with the remainder to be used for corporate purposes, EBRD added.
