12/10/2010

French firm acquires Turkey's Multinet for USD 90 million

Hurriyet Daily News - French Cheque Dejeuner, a top provider of meal cards worldwide, announced the acquisition of Turkish company Multinet. The transaction, announced at a press conference in Istanbul, is worth USD 90 million. Multinet ranks 201st among the top 500 Turkish companies, according to a list by the monthly Capital magazine.

Speaking to journalists on Thursday, Yvon Legrand, the general manager of Groupe Cheque Dejeuner, said Turkey has an “extremely suitable” structure for growth and investment. “I believe we will be the market leader in a short time,” said Legrand.

Sevket Basev, the Chief Executive of 3 Seas Capital Partners, who arranged the deal, said Turkey has “once again proved its institutional infrastructure and stability” with this acquisition.
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turkey; meal ticket provider; multinet; cheque dejeuner; acquisition