The International Finance Corporation (IFC), the investment division of World’s Bank, announced that it would provide a 160-million euro (approx. U.S. $205.9-million) loan to Turkish white goods producer Arcelik.
The agreement will be signed on April 8, 2005. With the loan, IFC aims to support Arcelik’s investment in Russia, and contribute to Turkey’s EU accession process. (Reporter.gr)
A Beko fridge was incorrectly being blamed for a fire in Neasden, North West London that has sadly claimed the lives of six members of the family that lived in the home.
The mergers are coming thick and fast this year with now Arcelik, the parent company of Beko, snapping up the Dawlance brand in Pakistan for a reported $258 million.
An inquest held regarding a Beko tumble dryer that went on fire in Birmingham and is allegedly the cause of a fatality has been held.