TURKEY: Penguen Gida to sell off food processing stake
By Michelle Russell | 9 July 2013
Turkish frozen and canned food manufacturer Penguen Gida has announced plans to sell its 25% stake in fruit and vegetable processing company Penkon Gida.
In a statement to the Istanbul Stock Exchange yesterday (8 July), the company said it had appointed Turhan Gencoglu, deputy chairman of the board of directors, to hold negotiations for the sale of the stake and finalise the sale process.
More:Penguen Gida to sell off 25% stake