3/26/2008

Foreign investors eye Turkish cement maker Goltas

Bloomberg - Foreign investors are interested in buying Goltas, a Turkish cement maker controlled by the state banking regulator, after its profit jumped 180 percent between 2004 and 2006, daily Vatan reported. Goltas, which has a market value of $290 million, may attract up to $800 million based on what other cement makers have sold for, said Hidayet Nalcaci, chairman of Goltas.

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