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.

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