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Monday, December 26, 2011

Agthia buys Turkish bottled water producer

Agthia buys Turkish bottled water producer

Transaction is likely to close during first half

By Deena Kamel Yousef, Staff Reporter

Dubai : Abu Dhabi state-backed food and beverage company Agthia Group has acquired Turkish spring water producer Pelit Su in a deal signed yesterday, the UAE company announced.

The transaction is expected to close during the first half of 2012, Agthia said in a statement yesterday. The value of the deal will remain undisclosed until the transaction is closed next year, the company's public relations officer said.

More:gulfnews : Agthia buys Turkish bottled water producer