TURKEY: Share uncertainty worries EBI
Efes Breweries International is mulling postponing its Eurobond issue.
The CEO of the Turkish company, Ahmet Boyacioglu, has blamed the recent volatility in the global financial markets. EBI may instead look to obtain a syndicated loan.
Last month, Anadolu Efes, which holds a 70% stake in EBI, said that it had instructed Citigroup Global Markets and HSBC Bank to look into a Eurobond issue.
Earlier this year, EBI posted a dip in full year profit to US$20.1m from US$35.6m a year earlier.
Sectors: Beer & cider
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