TURKEY - Merger Process with SISE and Its Subsidiaries
SISE is expected to merge its subsidiaries (ANACM, TRKCM, SODA, DENCM and Pasabahce) under SISE. Here are the key points for the merger process;Exit right: The exit prices before the merger have been set for SISE at TL5.13, ANACM at TL4.32, TRKCM at TL3.37, SODA at TL6.14 and DENCM at TL8.85.
Turkiye Sise ve Cam Fabrikalari is a holding company. Through its subsidiaries, Co. operates predominantly in the manufacture of glass and chemicals. Co.'s activities encompass all the areas of glass-making (flat glass, glassware, glass packaging and glass fiber) and soda ash and chromium chemicals. Co. consists of five operational divisions: flat glass, glass-ware, glass packaging, chemicals (soda ash products, chromium chemicals, glass fiber and unsaturated polyesters, industrial raw materials, electricity, steam, vitamin K3 derivatives and sodium metabisulfite), and export-import and insurance services.
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