Brunei Ruler Buys 20% Stake in Turkey’s Yildiz Unit Marsa
Brunei Sultan Hassanal Bolkiah bought a 20 percent stake in Turkish Yildiz Holding AS’s margarine and vegetable oil producer Marsa Yag, Yildiz said today in a statement.
Yildiz, the maker of Godiva chocolates, also set up a joint venture named Western Food and Packaging SDN BHD in Brunei with a $30 million capital, according to an emailed statement from the Istanbul-based company.
The total value of the partnerships including the stake sale and the establishment of the new joint venture is $100 million, it said.
To contact the reporters on this story: Ercan Ersoy in Istanbul at firstname.lastname@example.org
To contact the editors responsible for this story: Benedikt Kammel at email@example.com
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.