Indian Varroc Group to acquire Turkish company

Varroc, one of the world’s largest producers of automobiles and motorcycle lighting and electrical parts, is in talks to acquire Turkish Sa-Ba Industrial Products Inc. The weight of Indian companies in the Turkish automotive industry has been increasing recently. Last year, Mahindra & Mahindra, one of the biggest tractor manufacturers in the world, created a stir in the sector, by acquiring Erkunt Traktör for $76 million following a 75 percent stake in Hisarlar Makine for TL 71 million ($15.8 million) in January.

Source: www.dailysabah.com

Merger & Acquisition Legal Support Turkey 

Source: https://turkishmergersandacquisitions.wordpress.com/2018/06/11/indian-varroc-group-to-acquire-turkish-company/

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