acquired 58.2% of
US$104.7 million
2007
Advisor to the Buyer
Ray Sigorta is one the top 15 players in the Turkish non-life insurance market, with gross written premiums in 2006 of approximately US$184 million. 21.8 of Ray Sigorta shares are traded at the Istanbul Stock Exchange.
TBIH based in the Netherland has extensive non-life and life insurance operations in Central and Eastern Europe and CIS countries and is owned by Vienna Insurance Group, which is the largest Austrian insurance company and Kardan Group, an international investment holding.
In 2007, TBIH acquired 58.2 of Ray Sigorta Dogan Holding, a publicly traded conglomerate involved in media, energy, financial services and tourism and 16.06 through mandatory tender offer in the Istanbul Stock Exchange for total of US$104.7 million.
In 2009, TBIH exercised its option to acquire 10 additional shares in Ray.
acquired 50% of
US$270 million
2007
Advisor to the Buyer
Denizli Cement is a modern cement facility with a clinker capacity of 1.8 million tonnes and is the market leader in its region. It has limestone reserves of more than 100 million tonnes and produced 1.8 million tonnes of cement in 2006. Denizli also operates a network of 13 ready-mixed concrete plants in Denizli and the surrounding area, which produced 1.3 million cubic meters of concrete in 2006.
Headquartered in Ireland, CRH operates in 27 countries and employs around 80,000 people. CRH realized net sales of €18.7 billion in 2006.
CRH has acquired 50% of Denizli Cement from Eren Holdings, a privately-owned industrial group.
acquired 100% of
2007
Advisor to the Seller
CMC is one of the leading Turkish call center service companies with 1,000 employees servicing over 40 local and international clients.
ISS is the world’s leading facility management company operating in 50 countries with 410,000 employees and serving over 125,000 clients. ISS Türkiye services 900 clients with 12,000 employees.
ISS acquired 100% of CMC.
