Orhan Holding of Turkey Buys 51% of Fuzhou Rocket of China
By Ercan Ersoy -
2012-01-04T15:13:19Z
Orhan Holding AS, a Turkish automotive spare parts maker, bought a 51 percent stake in Fuzhou Rocket Enterprises Co. Ltd. (CEBLBZ), a Chinese parts maker, for an undisclosed price, the Turkish company said today.
Orhan Holding, based in the western Turkish industrial town of Bursa, made the investment through its wholly-owned unit Nobel Automotive, it said in an emailed statement. Orhan had a sales of 587 million euros in 2011, it said.
To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net
To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.