TURKEY > UAE based Abraaj Group Acquires Stake in Netlog Lojistik Hizmetleri, Turkey’s Largest Logistic Company

Netlog Lojistik Dubai, UAE based Abraaj Group has acquired a significant minority stake in Turkey’s largest logistic company, Netlog Lojistik Hizmetleri, a company that operates in both Europe and Asia. Netlog offers a complete supply chain solution by maintaining 65 warehouses with a combined area of more than 1.1 million square meters and owning a fleet of 3200 transport vehicles. Founded in More …

TURKEY > Germany’s Bosch Invests TL 650 million ($184.2 million) in Turkey

Bosch German giant Bosch has invested TL 650 million ($184.2 million) in Turkey and the investment will primarily go to Bursa. Bursa has been a stronghold for Turkey for Bosch and Turkey itself has received the fourth largest investment in Bosch worldwide investment scale. Turkey itself is an important country for all the multinationals as it is the second largest country More …

TURKEY > France Based ADP to invest US$ 160 Million Additional Capital in Turkey’s TAV

TAV-Airports According to Reuters, French airport operator ADP will increase its stake in Turkish airport operator TAV Airports to 46% from its current stake of 38%. The cost for additional 8.12% stake will be around US$ 160 Million with valuation of TAV Airports’ equity at around $2.0 billion, or 19.2 Turkish lira per share. With this TAV will still remain a Turkish company, with More …

TURKEY > US based P&G to invest $80Mn for production plant in Gebze, Turkey

Procter_and_Gamble_Logo.svg USA based Procter & Gamble (P&G) is set to invest $80Mn on a production plant in Gebze, Turkey. P&G plans to produce diapers and feminine care products in the plant. P&G has been operational in Turkey since 1987, and has invested over $700 million since its entry into Turkey.   About P&G Procter & Gamble (P&G) is an American consumer goods corporation headquartered More …

TURKEY > India’s Mahindra acquires Turkey based Hisarlar for $19Million

Mahindra_Rise_New_Logo.svg India based Mahindra Group acquires Turkey based farm equipment company-Hisarlar Makina Sanayi ve Ticaret Anonim Şirketi (Hisarlar) for around $19Mn. The deal involves 75.1% acquisition by Mahindra in Hisarlar. The transaction is set to complete by first half of 2017.   About Mahindra Group Mahindra Group is an Indian conglomerate holding company headquartered at Mahindra Towers in Mumbai, India, with operations in over More …

TURKEY > Pepsi bets big in Turkey with sixth factory

Pepsico_logo.svg USA based PepsiCo to establish its sixth factory in Turkey adding more than 500 jobs. The new plant will employ 350 staff initially and will hit the target of 500 by 2022. Currently PepsiCo provides employment to more than 43,000 people (Directly and indirectly) in Turkey with five factories. The food and drinking company will establish a facility with over More …

TURKEY > Brazilian food processor “BRF” and Qatar Investment Authority to acquire Turkish poultry company Banvit

BanvitLogo Brazil based food processor “BRF” and Qatar Investment Authority (QIA) to acquire Turkish poultry company Banvit for $470Mn. BRF will have 60 percent of the company while QIA will hold rest 40 percent. BRF’s acquisition is supposed to be based on its desire to enter halal market, Banvit provides perfect opportunity for it. In the first phase of acquisition only More …

TURKEY > Japan’s IHI to Establish a Factory for Compressor Production in Turkey

download Tokyo based heavy equipment Company IHI is slated to expand to Turkey with establishment of a factory to produce compressors. The expansion is a joint venture between IHI and Turkish industrial machinery maker Dalgakıran Makine, a 51-49 percent partnership respectively. The expected total investment in the factory is $14.4Mn. And the regular production of compressor is targeted to start in More …