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.
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