03.10.2022 - plastics news from Turkey

Elba Bant on the sale of its shares to Mediterra

Elba Bant on the sale of its shares to Mediterra
Pn

Turkey’s leading investment services and asset management group ÜNLÜ & Co acted as the sell-side advisor in the sale of Elba Bant Sanayi A.Ş. (“Elba Bant”), Turkey’s leading company in the production of protective film, adhesive tape and stretch film products, to private equity fund Mediterra Capital (“Mediterra”). Elba Bant has successfully completed 2021 with a total turnover of TL 640 million. The transaction will be completed upon Competition Board approval and fulfillment of other conditions. 

ÜNLÜ & Co Corporate Finance Department Managing Director İbrahim Romano stated: “The toll of global and regional tensions on financial markets notwithstanding, we have completed successfully Hitit’s public offering and advised on the sale of 60% shares of Dalaman Airport to Ferrovial. We continue to move ahead at a brisk pace in 2022, with Elba Bant transaction. We will continue to complete major M&A transactions and IPOs in the coming period.”

 

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