Turkiye’s Kervan Gida confectionery gains €40 million sustainability loan

Turkish-based confectionery group Kervan Gida is set to benefit from a major loan of €40 million from the European Bank for Reconstruction and development (EBRD), assisting it enhance sustainability measures across its operations, writes Neill Barston.

According to the continental organisation, the funding will enable the business, which is known for its popular Bebeto candy series, to transition to a greener and more inclusive business model, including the installation of solar energy generation.

Moreover the EBRD noted that the package includes €10 million for new automation, efficiency and maintenance projects, €15 million to refinance a portion of short-term debt, aligning repayment profiles with the long-term nature of recent renewable energy investments.

There will also be a further €15 million to support working capital, providing a more stable and resilient financing base for the company, which is set to be among exhibitors once more at the next ISM Cologne event between 1-4 February 2026.

Furthermore, additional plans include devising a ‘digital operator school’, launching an internship programme with local universities, and introducing childcare solutions to support gender inclusion and better work-life balance.

In addition to solar energy plans, the company is driving towards  procurement of recyclable and certified packaging materials. These steps will reduce emissions, improve resource efficiency and support circular-economy practices.

Notably, the loan for the Turkish confectioner, which founded in the mid 1990s and also has business interests in the UK, comes amid a high degree of support for the country’s founding nation. To date, the EBRD has committed more than  €22 billion committed through 499 projects and trade finance limits since 2009, largely in the private sector.

Natalia Zhukova, EBRD Head of Food and Agribusiness, commented on the funding for the business. She noted: “It is wonderful to see our partnership with Kervan Gıda continue to flourish, as this latest collaboration further enhances the company’s financial competitiveness. This strengthened position will also provide new momentum for Kervan Gıda to advance its climate goals.”

Devrim Kılıçoğlu, CEO of Kervan Gida, welcomed the investment loan. He commented: “Our longstanding partnership with the EBRD is a key driver in our transformation journey. This financing strengthens our foundations and provides the resources to accelerate our sustainability and inclusive goals, ensuring that our growth benefits both our employees and the wider community.”