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  • Photo: Ekol

19.03.2019

Artikel Nummer: 26866

Ekol's founder buys back shares


Ahmet Musul, the founder and majority owner of the Turkish company Ekol Lojistik, has purchased 37% of Ekol shares that had been held by Rigond Finance, a subsidiary of the Abu Dhabi-based Invest AD and the Japan-based SBI, since 2010. Turkey’s competition authority has approved the acquisition and the share transfer has been completed.

 

Adding to his previous share of 54.5%, company chairman Musul has increased his stake to more than 90%. He chose to repurchase the shareholding because of his company’s strong financial structure.

 

Musul said: “We thank our former partners, Invest AD and SBI. With their support the company has grown tremendously since 2010. Now our company is once again fully owned by Turkish capital." (mw)

www.ekol.com

 

 

 

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