IFC has invested $215 million in Rönesans Holding to enhance its competitiveness and support its future growth, including a potential IPO.

Target Information

IFC has entered into a partnership agreement with Rönesans Holding, one of Turkey's largest international contracting companies, by committing to an investment of $215 million. This alliance is expected to enhance Rönesans Holding's competitiveness and facilitate its potential future growth on a global scale, including preparations for a possible initial public offering (IPO).

Rönesans Holding has been recognized for its significant projects across three continents and 21 countries, positioning itself as a prominent player in the global market. The company aims to establish itself as a reliable Turkish brand while continuing to pursue its growth effectively.

Industry Overview in Turkey

The construction and infrastructure sector in Turkey has been witnessing impressive growth, driven by both domestic and foreign investments. The country'