Eastgate Capital to Buy Half of Turkish Textile Maker Fabeks
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By Ercan Ersoy - Jan 2, 2012 10:08 AM ET
Eastgate Mena LP, a private equity fund controlled by Eastgate Capital Group, will buy a 49.8 percent stake in Fabeks Dis Ticaret AS, a Turkish textile maker, Turkey’s antitrust board said.
Eastgate applied to the Ankara-based regulator on Dec. 28 for approval to buy the Fabeks stake from owners Aysen Zamanpur and Bijen Zamanpur, according to a statement on the board’s website. Members of the Zamanpur family and other owners will continue to hold the remaining 50.2 percent, it said.
More:Eastgate Capital to Buy Half of Turkish Textile Maker Fabeks - Bloomberg
