Pladis, a Yildiz Holding member and a Turkish company

Turkish food giant Yildiz Holding said its $400 million sale of a stake in biscuit maker Ulker to its British holding company was a business decision and not motivated by domestic politics.

Pladis, a Yildiz Holding member and a Turkish company

World Bulletin / News Desk

Murat Ulker, the Chairman of the Board of Yıldız Holding, explains the misperception against the operations that some sectors in the public are trying to do recently.
 
Murat Ülker announced that Pladis which currently operates in the UK is fully owned by Yıldız Holding to which it has moved its core biscuit, chocolate and confectionery businesses.

Murat Ulker added that the sale of Ülker’s stakes represented a big move, and that Yıldız Holding had embraced Pladis, a global company.

“There is no reason for these [misinterpretations]. Pladis is owned by Yıldız Holding and is a Turkish company, which is owned by our family and will remain like this,” he said  in twitter on Dec. 23, while adding that the goal was to carry the country to the global arena.

Outside of Turkey Yildiz is better known for its international brands, which include Godiva chocolates and McVities' biscuits.

A corrected statement by Reuters says like this:

Turkish food giant Yildiz Holding said its $400 million sale of a stake in biscuit maker Ulker to its British holding company was a business decision and not motivated by domestic politics.

Yildiz, known for international brands including Godiva chocolates and McVities biscuits, on Friday said it sold 21 percent of Ulker to Pladis, to bring its snack businesses under Pladis, which it eventually aims to list in London.

In a statement over the weekend, Yildiz said it "strongly and clearly" rejected any claims that the stake sale was made due to mistrust in Turkey's economy.

Güncelleme Tarihi: 27 Aralık 2016, 15:06
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