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Shares Of Turkey's Anadolu Restaurant To Be Sold To Birlesik Holding

Published on Feb 7 2020 9:00 AM in Restaurant tagged: Trending Posts / Anadolu Group Holding / Anadolu Restaurant

Shares Of Turkey's Anadolu Restaurant To Be Sold To Birlesik Holding

Turkey's Anadolu Group Holding has announced that all shares of Anadolu Restaurant, which includes the Turkish franchise of McDonald's, will be sold to Birlesik Holding Limited.

In a statement to the Istanbul stock exchange, Anadolu Group Holding said that a share purchase agreement had been signed with Birlesik. The transfer will likely take place in the first quarter of this year, after the Competition Authority approves the transaction, it said.

Equity Value

The equity value of Anadolu Restaurant was determined as 280,739,431 lira ($47.42 million), the company said.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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