Bekaert to acquire full ownership of Beksa (Turkey)
Developments Worldwide - By Editor (15 May 08)
NV Bekaert SA and Haci Ömer Sabanci Holding A.S. signed a letter of intent in February this year for the acquisition by Bekaert of 50% of the shares in Beksa Celik Kord Sanayi ve Ticaret A.S (Turkey). As a result Bekaert will acquire full ownership of Beksa, in which it already has a 50% stake. The purchase price related to this transaction is estimated at € 40.3 million.
The transfer of shares will be executed after receiving approvals from the respective authorities.
Read Article
Only the most recent news items are displayed here. For more news items, technical articles and industry views click on the magazine section inside. To subscribe to Wiretimes, click here