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- 10-year loan strengthens capital structure and supports strategic development
- Agreement enhances opportunities for Italian supply chain partnerships and economic cooperation
ISTANBUL, May 5, 2025 /PRNewswire/ -- Beko, a leading global manufacturer of white goods, has secured a €125 million, 10-year push strategy loan with SACE, Italy's export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance.
The agreement was formalized during a signing ceremony in Rome bringing together Fatih Kemal EbiçlioÄŸlu, Consumer Durables Group President of Koç Holding (the parent group of Beko); Barış Alparslan, Chief Financial Officer at Beko; and Alessandra Ricci, CEO at SACE. Their combined presence reinforced the shared commitment to strengthen economic cooperation.
This long-term financing strengthens Beko's capital structure and enhances the company's ability to pursue strategic growth. It also creates opportunity for future procurement from Italian suppliers, strengthening the European supply chain ecosystem and reflecting Beko's commitment to long-term financial partnerships. This operation is part of SACE's Push Strategy Program, which facilitates relationships between strategic foreign buyers and the Italian production system. In this context, Beko has committed to participating in business matching events with Italian companies to explore new commercial opportunities.
"This financing agreement with SACE represents an important milestone in Beko's long-term strategy," said Fatih Kemal EbiçlioÄŸlu, Consumer Durables Group President of Koç Holding. "It creates valuable opportunities for collaboration with other Italian partners and supports our commitment to developing our operational capabilities sustainably and responsibly."
Barış Alparslan, Chief Financial Officer of Beko, commented: "This agreement provides important financial flexibility for our operations and reflects the confidence of leading global institutions in our long-term approach."
Alessandra Ricci, CEO of SACE: "We are proud to initiate this collaboration with Beko, a globally recognized industrial leader and strategic partner for our production system. This operation is a concrete example of how SACE's Push Strategy can create real opportunities for Italian businesses by promoting innovation and facilitating access to new value chains, in the complex global context."
BNP Paribas and Deutsche Bank acted as mandated lead arrangers.
ABOUT BEKO
Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of over 50,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko became the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.6 billion Euros in 2024. Beko's 30 R&D and Design Centers & Offices across the globe are home to over 2,300 researchers and hold more than 3,500 international registered patent applications to date. The company achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the sixth consecutive year (based on the results dated 22 November 2024) and has been included in the Dow Jones Sustainability Indices for the eighth consecutive year.** Beko's vision is 'Respecting the World, Respected Worldwide.'
www.bekocorporate.com
*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Åž., a parent company of Beko.
ABOUT SACE
SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specializing in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60 thousand companies, supporting their growth in Italy with a portfolio of insured operations and guaranteed investments of Euro 270 billion in around 200 foreign markets.
- 10-year loan strengthens capital structure and supports strategic development
- Agreement enhances opportunities for Italian supply chain partnerships and economic cooperation
ISTANBUL, May 5, 2025 /PRNewswire/ -- Beko, a leading global manufacturer of white goods, has secured a €125 million, 10-year push strategy loan with SACE, Italy's export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance.
The agreement was formalized during a signing ceremony in Rome bringing together Fatih Kemal EbiçlioÄŸlu, Consumer Durables Group President of Koç Holding (the parent group of Beko); Barış Alparslan, Chief Financial Officer at Beko; and Alessandra Ricci, CEO at SACE. Their combined presence reinforced the shared commitment to strengthen economic cooperation.
This long-term financing strengthens Beko's capital structure and enhances the company's ability to pursue strategic growth. It also creates opportunity for future procurement from Italian suppliers, strengthening the European supply chain ecosystem and reflecting Beko's commitment to long-term financial partnerships. This operation is part of SACE's Push Strategy Program, which facilitates relationships between strategic foreign buyers and the Italian production system. In this context, Beko has committed to participating in business matching events with Italian companies to explore new commercial opportunities.
"This financing agreement with SACE represents an important milestone in Beko's long-term strategy," said Fatih Kemal EbiçlioÄŸlu, Consumer Durables Group President of Koç Holding. "It creates valuable opportunities for collaboration with other Italian partners and supports our commitment to developing our operational capabilities sustainably and responsibly."
Barış Alparslan, Chief Financial Officer of Beko, commented: "This agreement provides important financial flexibility for our operations and reflects the confidence of leading global institutions in our long-term approach."
Alessandra Ricci, CEO of SACE: "We are proud to initiate this collaboration with Beko, a globally recognized industrial leader and strategic partner for our production system. This operation is a concrete example of how SACE's Push Strategy can create real opportunities for Italian businesses by promoting innovation and facilitating access to new value chains, in the complex global context."
BNP Paribas and Deutsche Bank acted as mandated lead arrangers.
ABOUT BEKO
Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of over 50,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko became the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.6 billion Euros in 2024. Beko's 30 R&D and Design Centers & Offices across the globe are home to over 2,300 researchers and hold more than 3,500 international registered patent applications to date. The company achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the sixth consecutive year (based on the results dated 22 November 2024) and has been included in the Dow Jones Sustainability Indices for the eighth consecutive year.** Beko's vision is 'Respecting the World, Respected Worldwide.'
www.bekocorporate.com
*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Åž., a parent company of Beko.
ABOUT SACE
SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specializing in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60 thousand companies, supporting their growth in Italy with a portfolio of insured operations and guaranteed investments of Euro 270 billion in around 200 foreign markets.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Beko successfully completes €125 million loan from Italian export credit agency SACE
Beko successfully completes €125 million loan from Italian export credit agency SACE
TAIPEI, Jan. 12, 2026 /PRNewswire/ -- The Game-Fi world welcomes a bold new contender as CJC Race officially launches worldwide, revolutionizing the blockchain gaming landscape with its immersive horse racing experience and dynamic Play-to-Earn economy.
Built on the Arbitrum blockchain, CJC Race blends strategic gameplay with real-world earning potential, offering players a chance to become digital stable owners, compete in high-stakes tournaments, and earn stablecoin rewards. With its motto "skills meet strategy, rewards meet reality" the game invites both newcomers and seasoned Game-Fi enthusiasts to dive into a new era of strategic Game-Fi horse racing ecosystem.
Strategic Racing Meets Real-World Value
At the heart of CJC Race, it is a competitive simulation where players collect NFT Horses, Jockeys, and Items to build their ultimate racing teams. Success hinges on tactical decisions—matching horses to track types and distances, optimizing team synergy, and mastering diverse formats like:
Champion Stakes: Monthly prize pool starting at 30,000 USDT, exclusive to Tycoon Club members.
League Challenges: Distance-based races with 18,000 USDT in seasonal rewards. (Opens when the number of members reaches 511.)
Grand Master Cups: Open tournaments with payouts up to 150x the entry fee.
PvP Battles: 24/7 racing with customizable stakes and prize splits.
Farm: Passive income opportunities up to 15 USDT/month.
Day Spa: Additional profit opportunities by bidding for management rights to the Day Spa.
All in-game earnings can be exchanged for USDT, turning gameplay into stable and tangible financial returns.
Tycoon Club: Where Ownership Meets Opportunity
CJC Race introduces the Tycoon Club, a groundbreaking economic model that rewards community growth. Every NFT mystery box purchase earns membership points, grants access to exclusive races and a share of the platform's expanding prize pool. As the member base grows, so do the rewards—automatically distributed in USDT to loyal members.
"Our ecosystem is designed to reward strategic play, community participation, and long-term commitment," said a CJC Race spokesperson. "As our racing community expands, the ecosystem's value grows, and our earliest, most loyal supporters deserve to share in that success. We're committed to creating a sustainable Game-Fi platform where players control their racing experience and earn consistent income—bringing the Play-to-Earn vision to life. This is Game-Fi done right."
Massive Prize Pools and Future Guild Wars
To celebrate its global launch, CJC Race will debut with an initial monthly prize pool at 60,000 USDT, scaling with player participation. Upcoming updates will introduce a Guild system, adding another 30,000 USDT in monthly rewards and fostering team-based competition.
Whether you're a crypto investor seeking stable returns or a gamer chasing glory, CJC Race offers a thrilling new frontier in Web3 gaming.
Join the Race Today
The Information may be changed without notice and is not guaranteed to be complete, correct, timely, current, or up to date. Like any printed materials, the Information may become out-of-date. CJC Race undertakes no obligation to update any Information on the Sites; provided, however, that CJC Race may update the Information at any time without notice in CJC Race's sole and absolute discretion. CJC Race reserves the right to make alterations or deletions to the Information at any time without notice. The information is provided for general purposes only. This content is for informational purposes only and should not be construed as financial advice. CJC Race accepts no responsibility for any actions taken based on this content or for any consequences resulting from its use.
All rights are reserved by CJC Race.
#CJCRace #ClimaxJockeyClub #GameFi #NFT #Play2Earn #Web3 #Arbitrum #CryptoGaming #BlockchainRacing #TycoonClub #p2e #nftcommunity #cryptocurrencies
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
CJC Race Launches Global Game-Fi Horse Racing Platform With Real USDT Rewards
