"Texas Pacific buys Turkish raki maker Mey
Thu Jun 1, 2006 5:55am ET14
ISTANBUL (Reuters) - Turkish drinks company Mey Icki, the maker of raki, the country's most famous tipple, said on Thursday U.S. private equity firm Texas Pacific Group had bought 90 percent of the firm.
Mey Icki management board chairman Husnu Dogan told a news conference the deal valued the company at $900 million.
In April Mey said it had sealed a strategic cooperation deal with Texas Pacific but it gave no financial details for the accord with one of the largest private equity firms."
More:Texas Pacific buys Turkish raki maker Mey | Reuters.com
