Eczacibasi Yapi acquires Vitra Bad for EUR 0.3mn. [IntelliNews - Weekly Reports]
(IntelliNews - Weekly Reports Via Acquire Media NewsEdge) Turkish construction materials producer Eczacibasi Yapi informed in a filing with the Bourse Istanbul that its Germany-based 100% subsidiary Eczacibasi Building Products Europe GmbH acquired a 100% stake in Germany-based building products marketing company Vitra Bad GmbH from Turkey's Eczacibasi Holding for a consideration of EUR 0.3mn in cash.
Vitra Bad operates with a paid-in capital of EUR 255,650 and the appraisal value of Vitra was EUR 0.3mn, the statement detailed.
Eczacibasi Holding controls a 75.48% stake in Eczacibasi Yapi, according to public disclosure platform (KAP).
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