16
Nov
10:39
Turkish pipemaker acquires local rival
Turkish investment firm Erciyas Holding, the parent company of pipemaker Erciyas Celik Boru, has agreed to acquire 51% of local peer Ozbal Celik Boru, the latter says.
Ozbal Celik’s five individual shareholders have agreed to sell a total of 7.9 million class A shares and 2.575 million class B shares, the Borsa Istanbul-listed pipemaker says in a statement seen by Kallanish.
The agreement is subject to approval by the country’s antitrust…
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