French firm acquires Turkey's Multinet for $90 million

In its report for the last quarter of 2009, the SDIF said Multinet had a book value of 4.5 million Turkish Liras at the date of seizure, Dec. 16, 2009. The sales price is 30 times this amount.
Multinet ranks 201st among the top 500 Turkish companies, according to a list by the monthly Capital magazine.
Speaking to journalists Thursday, Yvon Legrand, the general manager of Groupe Cheque Dejeuner, said Turkey has an “extremely suitable” structure for growth and investment. “I believe we will be the market leader in a short time,” Legrand said.
Şevket Basev, the chief executive of 3 Seas Capital Partners, who arranged the deal, said Turkey has “once again proved its institutional infrastructure and stability” with this acquisition. Source: Hürriyet Daily News & Economic Review.
Multinet ranks 201st among the top 500 Turkish companies, according to a list by the monthly Capital magazine.
Speaking to journalists Thursday, Yvon Legrand, the general manager of Groupe Cheque Dejeuner, said Turkey has an “extremely suitable” structure for growth and investment. “I believe we will be the market leader in a short time,” Legrand said.
Şevket Basev, the chief executive of 3 Seas Capital Partners, who arranged the deal, said Turkey has “once again proved its institutional infrastructure and stability” with this acquisition. Source: Hürriyet Daily News & Economic Review.
Last modified onSaturday, 06 May 2017 10:07
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