ÜNLÜ & Co completes the sale of Solventaş to Yıldırım Holding
The acquisition of 100% shares of Turkey’s leading independent liquid chemical storage terminal Solventaş Teknik Depolama A.Ş. (‘Solventaş’) by Yıldırım Holding subsidiary Yılport is officially completed. Turkey’s leading investment banking services and asset management group ÜNLÜ Menkul Değerler A.Ş. (“ÜNLÜ & Co”) acted as the exclusive financial advisor to the sellers in this transaction.
ÜNLÜ & Co, announces the official completion of the sale after the necessary regulatory approvals and fulfillment of other conditions precedent. ÜNLÜ & Co was the exclusive financial advisor to the sellers in the disposal process of the shares of Turkey’s leading liquid chemical storage terminal to Yıldırım Holding’s subsidiary, Yılport.
ÜNLÜ & Co, announces the official completion of the sale after the necessary regulatory approvals and fulfillment of other conditions precedent. ÜNLÜ & Co was the exclusive financial advisor to the sellers in the disposal process of the shares of Turkey’s leading liquid chemical storage terminal to Yıldırım Holding’s subsidiary, Yılport.
ÜNLÜ & Co Chairman Mahmut L. Ünlü said: “Despite the difficult market conditions, this transaction exceeding 230 million dollars is a sign of confidence in the Turkish economy. Our goal is to continue adding value to transactions across different industries.”
In the first half of this year, ÜNLÜ & Co advised Yıldız Holding, one of the largest conglomerates in Turkey, in the sale of its subsidiaries Della Gıda, Bahar Su and İlk Mevsim Meyve Suları to the Japanese beverage company, DyDo DRINCO for 335 million TRY as well as advising Tenaga National of Malaysia in the acquisition of a 30% stake in GAMA Enerji for 243 million USD. In the equity capital markets, ÜNLÜ & Co successfully completed the block placement transactions of Anadolu Cam’s Soda Sanayii shares for 100 million USD, Sabancı Holding shares for 75 million USD, and PETKİM shares for 50 million USD.