Published On: Mon, Jan 29th, 2018

Al Sraiya Group from Qatar buys 42.7 percent of Turkish ice-cream company Mado




Al Sraiya Group from Qatar buys 42.7 percent of Turkish ice-cream company Mado

Mado, Ice-Cream Company (Turkey) – BusinessTurkeyToday.com

Another company from Qatar from which Turkey has received a substantial amount of FDI in recent years, has invested a considerable amount of money in shares of Turkish ice-cream company. Doha-based Al Sraiya Holding Group and its subsidiary Venture Capital Bank in Bahrain bought 42.7 percent of Mado, a prominent ice-cream producer in Turkey.

It was reported that the two companies had been discussing this partnership for over a year. Long-lasting negotiations were completed with the signing process last week thus finalizing the deal with success.

Regarding the acquisition MADO General Manager said “We have 50 stores in 20 countries and we aim to increase it further and become a global player. This partnership will support us to realize our targets.”

The company, which aims to grow in the Gulf Region and Europe, is expected to make moves more easily after the deal.





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