Danone Acquires Majority Stake in Turkish Water Supplier Sirma

Danone, owner of the Evian water brand, acquired a 50.1 percent stake in Sirma to expand in Turkey’s water market. No terms were disclosed.

Sirma has sales of almost 100 million euros ($131 million), Paris-based Danone said today in an e-mailed statement. The partnership agreement strengthens Danone’s bottled water business in Turkey, where it’s already present with Hayat.

Danone, the world’s largest yogurt maker, said the transaction will accelerate Sirma’s expansion in Turkey.

To contact the reporter on this story: David Whitehouse in Paris at dwhitehouse1@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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