Erdemoğlu Group $104 million acquisition of 51% of Sasa Polyester Sanayi from Sabancı Holding

13/1/2015
Private acquisition

$ 104 million

Completed

13/1/2015


Overview:

  • Erdemoğlu Holding acquired a 51% stake in Sasa Polyester Sanayi from Hacı Ömer Sabancı Holding for $104 million.
  • The deal followed a previous bid by Indorama Netherlands for the same stake that was terminated following a competition investigation phase opening

Jon Moore - Journalist

Jurisdiction:

Turkey

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Turkey

Industry sector:

Industrials and manufacturing


Firms:

Party: Indorama Netherlands (Acquirer)


Party: Hacı Ömer Sabancı Holding (Seller)


Party: Erdemoğlu Holding (Acquirer)