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2/12/2021

Confirmation on Japan EBARA to Purchase Çiğli Su Teknolojileri Company

Board of Competition has confirmed Japon EBARA Corporation to purchase Çiğli Su Teknolojileri, owner of entire Vansan ve Vansan marketing company...

Board of Competition has confirmed Japon EBARA Corporation, Japan Equipment Producer,  to purchase Vansan and Vansan’s marketing company entirely.

EBARA Corporation’s takeover of sole control of Çiğli Su Teknolojileri Anonim Şirketi in line with decision dated 4 February 2021, has been approved.

As it might be recalled,  EBARA Corporation had announced a contract was signed for purchasing 100% shares of Vansan Makina Sanayi ve Ticaret A.Ş. from international institutional investors and founder partner for whom Turk Ventures Advisory acted as a consultant, the agreement reached on purchasing entire shares of pump producer Vansan, majority of shares belong to Turkven, private capital fund manager on USD 108 million TEBA:1999/ December 22, 2020

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