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Yıldız Holding sells 50 percent share in Pendik Nişasta

06 October 20212 min reading

Yıldız Holding officially sold Pendik Nişasta, of which it is a 50 percent partner with Cargill, to Alpinvest, the umbrella company of Oba Makarna.

Yıldız Holding continues to simplify its portfolio within the scope of its strategy of focusing on snacks and retail, its main fields of activity. Yıldız Holding shook hands with Alpinvest for its 50 percent share in PNS Pendik Nişasta AŞ, which was established in 1993 and has become one of the most valuable companies in the Turkish food industry with successful growth. The transfer of the shares subject to the transaction was carried out after the legal approval processes Pendik Nişasta, which was established in 1993 by the partnership of Cerestar and Ülker and started its operations for the first time in 1996, continued its activities with the Yıldız Holding-Cargill partnership after Cerestar was purchased by Cargill in 2002. We have taken a new and powerful step within the scope of this strategy by selling PNS Pendik Nişasta A.Ş within the scope of our strategy of focusing on our main fields of activity. We have reached an agreement on the sale of 50 percent of the shares of PNS Pendik Nişasta A.Ş to Alpinvest, the umbrella company of Oba Makarna. Oba Makarna and Alpinvest Board Member and CEO Alpaslan Özgüçlü stated that Alpinvest's subsidiaries will combine their experience with Oba Makarna, which has been maintaining its leadership in the Turkish pasta export for 8 years, with Cargill's global experience.

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