Clifford Chance has advised the EBRD on a USD 200 million loan to A101 Yeni Magazacilik for supporting environmental and social sustainability initiatives.
Yeni Magazacilik is a Turkish discount retailer.
According to Clifford Chance, "this funding will support the expansion of A101's stores and warehouses nationwide, while upgrading existing sites with energy-saving technologies, such as solar panels. Additionally, A101 will launch training programs in earthquake-affected areas to boost workforce participation, particularly among women."
The Clifford Chance team included Partner Sait Eryilmaz, Counsel Gokce Uzun, Associate Berke Avarkan, and Trainee Lawyers Aykan Karpuzcu, Busra Altuntas, and Sena Cengiz.
Clifford Chance did not respond to our inquiry on the matter.
