Tag Archives: International Acquisitions

Malaysian Khazanah unit said to be in talks to sell Turkish insurer

A unit of Malaysia’s sovereign wealth fund plans to sell its Turkish health-insurance business to focus on its home market.

Source: www.dealstreetasia.com

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Worldpay expands payment processing into Turkey with iyzico | Worldpay

Worldpay, a global leader in payments, has partnered with iyzico, the fastest growing payments provider in Eastern Europe and Turkey, to extend its payment services into Turkey. The collaboration is the first of its kind in the Turkish market, making it easier for global merchants to accept credit and debit card payments locally.

Source: www.worldpay.com

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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 through Scoop.it from: www.hurriyetdailynews.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 through Scoop.it from: www.finanznachrichten.de

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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 through Scoop.it 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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SOCAR to purchase OMV assets in Turkey

Azerbaijan’s state energy giant SOCAR, which has a lion’s share in the total volume of investments made by Azerbaijan in Turkey, reached an agreement on the purchase of one of the assets belonging to Austrian oil group OMV in Turkey.

Sourced through Scoop.it from: www.azernews.az

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Outbound mergers, acquisitions hit record – Business

Chinese outbound mergers and acquisitions hit a record in the first half of 2016, benefiting from smooth financing in the A-share market and the rise of financial investors.There were 493 outbound merger and acquisition deals made in the first six months, an increase of 178.5 percent year-on-year. Their value totaled $134.3 billion, an increase of 346.2 percent year-on-year, more than that of the previous two full years combined, PwC data showed.

Sourced through Scoop.it from: www.chinadaily.com.cn

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Eurasian Minerals Sells the Akarca Gold-Silver Property in Turkey for Cash, Gold Bullion Payments and a Royalty Interest

Eurasian Minerals Inc. (TSX VENTURE:EMX)(NYSE MKT:EMXX) (the “Company” or “EMX”) is pleased to announce the sale of AES Madencilik A.S., the wholly-owned EMX subsidiary that controls the Akarca gold-silver project (the “Property”) in western Turkey, to Çiftay İnşaat Taahhüt ve Ticaret A.Ş. (“Çiftay”), a privately owned Turkish company. The Akarca Property is an EMX grassroots discovery highlighted by six separate gold-silver mineralized centers occurring within a district-scale area

Sourced through Scoop.it from: m.yahoo.com

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Verizon buys Yahoo for $4.83 billion

After a months-long bidding process and many layoffs, Yahoo has finally found a buyer. Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.83 billion in cash, which includes Yahoo’s advertising, content, search and mobile activities.

Sourced through Scoop.it from: techcrunch.com

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