Besfin acted as the exclusive sell-side...

Ozbal Steel Pipe announced that Erciyas Holding A.S. has agreed to a share purchase agreement to acquire a 51% stake in the Company.



Besfin acted as the exclusive sell-side advisor for the 51% shareholding sale of Ozbal.

Ozbal Steel Pipe (Ozbal Celik Boru San. Tic. ve Taah. A.S.) announced that Erciyas Holding A.S., a Turkish conglomerate, has agreed to a share purchase agreement to acquire a 51% stake in the Company. The agreement signed is for Erciyas to buy 7.9m A-type and 2,575m B-type shares in the target. Besfin advised the target on the transaction as the exclusive sell-side advisor.

Announcement details can be found here:

KAP