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REGIONAL EXPANSION

Abraaj buys into Turkish dairy firm Yorsan

Dubai, December 21, 2013

Dubai-based private equity investor Abraaj Capital has acquired 80 per cent stake in Turkish dairy products maker Yorsan, Turkey's Competition Board said.

Abraaj Capital will carry out the transaction via its Turkish subsidiary Dairy Fresh, while no other details on the acquisition were announced.

Yorsan's sales were 360 million lira ($174 million) in 2012, according to media reports.-Reuters




Tags: Dubai | Abraaj capital | Turkey |

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