The Lactalis group has confirmed that it will acquire dairy group AK Gida, after reaching a deal with the owners of the latter. Gida owns the İçim brand of yogurt, and generated revenues of €614m last year.

The Lactalis group will acquire dairy group  AK Gida

The Lactalis will acquire dairy group  AK Gida 

The Lactalis group has confirmed that it will acquire dairy group AK Gida, after reaching a deal with the owners of the latter. Gida owns the İçim brand of yogurt, and generated revenues of €614m last year. 

While neither side specified the details of the deal, media reports said Yildiz and other shareholders in Gida sold an 80% stake for $800m. Those reports also said Yildiz and the Topbas family now retain a 10% stake each, down from one-third each. 

The deal replaces plans to offer a 45% share in Ak Gida via an IPO this week.

Source:Nam News

Nurullah KIRMACI / emlakcoulisse.com

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