DenizBank, under the leadership of shareholder Emirates NBD (ENBD), has arranged a USD 400 mln club loan for Oyak Group with a 6-year maturity and a 1-year grace period. The facility will support Oyak’s strategic investments and sustainable growth plans.
Oyak General Manager Murat Yalcintas said the financing will strengthen the group’s financial structure and enable efficiency-enhancing investments across its diversified portfolio.
Oyak’s industrial operations span steel, chemicals, cement, energy, and automotive. Through its primary steelmakers Erdemir and Isdemir, Oyak ranks among Europe’s leading steel producers.
