Ulker Biskuvi to Buy Ulker Cikolata From Yildiz, Fund

Ulker Biskuvi Sanayi AS (ULKER), a Turkish biscuit and cake maker, will buy 91.7 percent of chocolate maker Ulker Cikolata Sanayi AS from the group’s parent Yildiz Holding AS and Dynamic Growth Fund for 825 million liras ($470 million).

The purchase will be completed in September, Ulker Biskuvi said in a statement to the Istanbul Stock Exchange today.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.