Varroc, one of the world’s largest producers of automobiles and motorcycle lighting and electrical parts, is in talks to acquire Turkish Sa-Ba Industrial Products Inc. The weight of Indian companies in the Turkish automotive industry has been increasing recently. Last year, Mahindra & Mahindra, one of the biggest tractor manufacturers in the world, created a stir in the sector, by acquiring Erkunt Traktör for $76 million following a 75 percent stake in Hisarlar Makine for TL 71 million ($15.8 million) in January.
Source: www.dailysabah.com
Merger & Acquisition Legal Support Turkey
A unit of Malaysia’s sovereign wealth fund plans to sell its Turkish health-insurance business to focus on its home market.
Source: www.dealstreetasia.com
Legal support for all Merger. Acquisitions and Disposals in Turkey
Worldpay, a global leader in payments, has partnered with iyzico, the fastest growing payments provider in Eastern Europe and Turkey, to extend its payment services into Turkey. The collaboration is the first of its kind in the Turkish market, making it easier for global merchants to accept credit and debit card payments locally.
Source: www.worldpay.com
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