Quick Takeaways
- NEXI insurance supports Anadolu Isuzu’s overseas expansion through a Türk Eximbank-backed loan.
- The transaction aligns with Uzbekistan’s state-owned enterprise privatization strategy.
On January 29, Nippon Export and Investment Insurance announced its decision to provide NEXI insurance cover for a loan arranged for Türk Eximbank, reinforcing cross-border financing in the automotive sector. The loan has been extended by Sumitomo Mitsui Banking Corporation, BBVA Tokyo Branch, and Deutsche Bank AG Tokyo Branch.
The financing is structured to support Turkish automotive manufacturer Anadolu Isuzu in securing funds to acquire Samarkand Automobile Factory JV LLC, commonly known as SamAuto. Through this arrangement, Türk Eximbank acts as the intermediary channel for the insured loan.
The financing is structured to support Turkish automotive manufacturer Anadolu Isuzu in securing funds to acquire Samarkand Automobile Factory JV LLC, commonly known as SamAuto. Through this arrangement, Türk Eximbank acts as the intermediary channel for the insured loan.
NEXI insurance backing Anadolu Isuzu acquisition
Anadolu Isuzu has completed the acquisition of a majority stake in SamAuto, marking a significant step in its international growth strategy. The NEXI insurance-backed loan enables stable long-term financing, reducing risk exposure for participating banks while facilitating Anadolu Isuzu’s expansion into Central Asia.Role of export credit insurance in the transaction
By providing export credit insurance, NEXI supports Japanese financial institutions involved in the deal and promotes overseas business activities linked to Japan’s industrial ecosystem. The structure also highlights cooperation between Japanese, Turkish, and European banks in a third-country market.Alignment with Uzbekistan’s privatization policy
The transaction contributes to the Government of Uzbekistan’s broader policy of privatizing state-owned enterprises. Collaboration with Turkish companies through this acquisition supports industrial development and foreign investment in the country’s automotive manufacturing sector, while strengthening Anadolu Isuzu’s global production footprint.
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