Bebeto maker Kervan Gida acquires UK’s Dexters Confectionery

Turkey’s Kervan Gida, which produces candies including the Bebeto jelly brand, has acquired UK-based Dexters Confectionery for an undisclosed sum. Paul Simpson, the commercial director of Kervan Gida’s UK subsidiary, told just-food today (9 January) the deal with Dexters, which owns a number of confectionery brands and has an agreement to distribute The Jelly Bean Factory candy brand in the UK, was completed towards the end of last month. Simpson said Kervan acquired responsibility for Dexters’ confectionery at the start of January and will be selling the UK firm’s confectionery products in addition to its own.

Sourced from: www.just-food.com

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Chinese renewable power giant looks to build global empire

Other investors are wary of Brazil, but when Duke Energy wanted to sell 10 hydroelectric dams there, a Chinese utility shrugged off the country’s economic turmoil and paid $1.2 billion to add them to an energy empire that stretches from Malaysia to Germany to the Amazon. State-owned China Three Gorges Group is spending heavily to buy or build hydro, wind and solar projects at a time when Western utility investors are pulling back and President-elect Donald Trump’s pledge to revive coal use has raised doubt about U.S. support for renewables.

Sourced from: www.ctvnews.ca

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Turkey’s food giant to sell 21 pct of key biscuit company to own UK-based company

Yıldız Holding has decided to sell 71.8 million shares of Ülker Bisküvi, Turkey’s largest cookie and biscuit company, to its wholly owned unit Pladis as part of a strategy. Yıldız Holding will be the indirect owner of the Ülker Bisküvi shares through Pladis,” said the company in a written statement on Dec. 23.

Sourced from: www.hurriyetdailynews.com

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Qatar’s lender acquires 100 percent stake in Turkey’s ABank

The Commercial Bank of Qatar (CBQ) has now become the sole owner of Turkey’s Alternatif bank (ABank) in a deal signed with Turkey’s Anadolu Group. he Commercial Bank, which had acquired a 70.8 percent stake in the bank from Anadolu Group in July 2013 before increasing its shares to 75 percent with share buyback, bought Anadolu Group’s remaining 25 percent stake for $222.5 million, thereby becoming the sole owner of the bank, the companies said in a statement.

Sourced from: www.hurriyetdailynews.com

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Park Place Energy announces update on acquisition of Turkish oil and gas production companies

Park Place Energy has announced that closing of the acquisition of the ‘Tiway Companies’, consisting of three oil and gas exploration and production companies operating in Turkey, will occur prior to mid-January 2017.

Sourced from: www.energy-pedia.com

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RoRo and Intermodal Freight Customer Buys Majority Shareholding in Port Terminal

Turkish-based Ekol Logistics has acquired a 65% share of Europa Multipurpose Terminals (EMT), the operator of pier VI in the Port of Trieste which Ekol uses for its RoRo and intermodal train services throughout Europe. The acquisition is an addition to Ekol developing a new RoRo terminal at the port of Yalova, Turkey which should open early next year.

Sourced from: www.handyshippingguide.com

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Hitachi Acquires Turkish Kurt & Kurt to Further Strengthen the Healthcare Business

Turkey will be positioned as the fifth strategic center for the global operations of Hitachi in healthcare business -TOKYO, Dec 9, 2016 –

Hitachi, Ltd. announced today that it has entered into an agreement to acquire 75% shares of Kurt ve Kurt Ithalat Ihracat ve Mumessillik Anonim Sirketi (“Kurt & Kurt”) and making it a consolidated subsidiary of Hitachi on April 1, 2017.

Sourced from: www.finanznachrichten.de

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EU mergers and takeovers (Dec 7)

The following are mergers under review by the European Commission and a brief guide to the EU merger process:

Sourced from: www.reuters.com

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Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday: Turkey’s main stock exchange, Borsa Istanbul, and the Islamic Development Bank will sign on Wednesday a memorandum of understanding for a strategic partnership, the bourse said.

Sourced from: www.reuters.com

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Coca-Cola Icecek eyes Coca-Cola Beverages Africa stake

Coca-Cola Icecek has expressed its interest in taking majority control of Coca-Cola Beverages Africa. The company, which is the fifth-largest bottler in the global Coca-Cola system, said earlier this week that it has “decided to engage with investment banks” on the purchase of 54% of the recently-merged entity. CCBA came into being in June this year, when SABMiller agreed to form an African bottling JV with the majority shareholders in Coca-Cola Sabco and The Coca-Cola Co.

Sourced through Scoop.it from: www.just-drinks.com

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