Groupe Cheque Dejeuner has said it purchased Turkish meal ticket provider Multinet from businessman Hayyam Garipoğlu. The transaction, announced at a press conference in Istanbul, is worth $90 million. Cheque Dejeuner ranks among the top three meal card providers in the world, alongside Sodexho and Edenred. Multinet, which was seized by the Savings Deposit and Insurance Fund, or SDIF, in July last year, was handed back to original owner Garipoğlu in accordance with a protocol dated April 9 of this year, the Daily News has learned.
US power producer AES Corporation has entered into an agreement with Koc Holding to form a joint venture to develop and operate power generation projects in Turkey. Under the deal, AES will buy almost 50% interest in Turkish utility Entek Elektrik Uretimi from Koc unit Aygaz.
Hong Kong based trade fair organizer United Business Media (UBM) announced that it has agreed to acquire a 65% stake in Rotaforte International Trade Fairs & Media, the owner of the Istanbul Jewelry Show. Financial terms of the deal were not disclosed. The announcement follows UBM’s pending $289 million acquisition of Canon Communications in the U.S.
