EBRD set to support Morocco’s manufacturing sector

In the first deal of its kind, a cross-border acquisition financing package, the The European Bank for Reconstruction and Development (EBRD) is supporting Morocco’s hygiene products sector with a $49 million loan to Eczacıbaşı Consumer Products Maroc SARL AU (ECP Maroc).  ECP Maroc is a wholly owned subsidiary of Eczacıbaşı Consumer Products (ECP), the consumer products arm of Eczacıbaşı Holding Group, which specializes in tissue paper products. ECP Maroc will use the financing to acquire Jeesr, Morocco’s leading integrated producer of tissue paper products.