80 pct of Turkish poultry firm Banvit to be sold

Ersin Çelik
11:06, 10/01/2017, TuesdayU: Update: 11:15, 10/01/2017, Tuesday
AA
80 pct of Turkish poultry firm Banvit to be sold

Brazilian food processor BRF and Qatar Investment Authority reach $470M deal to buy Turkish firm

Brazilian food processor BRF SA and Qatar's sovereign wealth fund have agreed to buy 79.5 percent of the operations of Turkish poultry producer Banvit, the Turkish company said in a statement to the Borsa Istanbul stock exchange Tuesday.



Under the deal, in a joint venture, BRF would take a 60 percent stake in the venture and the Qatar Investment Authority would take 40 percent in a deal that calculates the poultry producer's value at $470 million.



The deal, which valued Banvit at 11.51 Turkish lira ($3.07) per share, is subject to approval by regulators.



The company's share was 12 percent higher at 9.85 around 10.10 a.m (0710 GMT) on Borsa Istanbul, Turkey's main stock exchange.



Comments
Avatar

Comments you share on our site are a valuable resource for other users. Please be respectful of different opinions and other users. Avoid using rude, aggressive, derogatory, or discriminatory language.

Page End
Turkey's Accumulation. International Media Group.

Welcome to the news source that sets Turkey's agenda! With its impartial, dynamic, and in-depth journalism, Yeni Şafak offers its readers an experience beyond current events. Get instant updates on what's happening in Turkey and worldwide, with news spanning a wide range from politics and economy to culture, arts, and sports. Access the most accurate information anytime, anywhere with its digital platforms; keep up with the agenda with Yeni Şafak!

Follow us on social media.
Download Mobile Apps

Carry the agenda in your pocket! With Yeni Şafak's mobile apps, get instant access to the latest news. A wide range of content, from politics to economy, sports to culture and arts, is at your fingertips! Easily download it on your iOS, Android, and Huawei devices to quickly access the most accurate information anytime, anywhere. Download now, don't miss out on developments around the world!

Categories
Albayrak Media

Maltepe Mah. Fetih Cad. No:6 34010 Zeytinburnu/İstanbul, Türkiyeiletisim@yenisafak.com+90 212 467 6515

LEGAL DISCLAIMER

The BIST name and logo are protected under a 'Protection Trademark Certificate' and cannot be used, quoted, or modified without permission. All information disclosed under the BIST name is fully copyrighted by BIST and may not be republished. Market data is provided by iDealdata Financial Technologies Inc. BIST stock data is delayed by 15 minutes.

© Net Medya, All right reserved. 2026