Huhtamäki – Financing of the Acquisition of Elif

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We advised Huhtamäki Oyj in a finance arrangement where it signed a bridge financing facility of USD 500 million to support the financing of Huhtamaki’s acquisition of Elif Holding A.Ş. Elif is a major supplier of sustainable flexible packaging to global FMCG brand owners. It has operations in Turkey and in Egypt. Elif will become part of Huhtamaki’s Flexible Packaging business segment.