Reuters logo
BRIEF-Agreement signed to sell Banvit's 79.48 pct to BRF at 915 mln lira
January 10, 2017 / 6:56 AM / 8 months ago

BRIEF-Agreement signed to sell Banvit's 79.48 pct to BRF at 915 mln lira

Jan 10 (Reuters) - Banvit Bandirma Vitaminli Yem Sanayii A.S. :

* Said on Monday that majority shareholders signed stake sale agreement to sell 79.48 percent of the company to BRF GmbH, unit of Brasil based BRF S.A.

* Stake sale price is at 11.51 lira per share at total of 915.06 million lira ($245.32 million)

* Upon inking the agreement BRF and Qatar Holding LLC, unit of Qatar Investment Authority, to form a new partnership(%60-40)

* Established partnership to hold 79.48 percent of the company at the closing of the transaction

Source text for Eikon:

Further company coverage:

$1 = 3.7300 liras Gdynia Newsroom

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below