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.
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