French dairy group Lactalis has confirmed plans to buy a controlling stake in Turkish dairy Ak Gida from Yildiz Holding.

A spokesperson for the French cheese maker, which also controls Italy's Parmalat, told just-food Lactalis will take an 80% stake in Ak Gida.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Further details were not available at time of press. However, local reports suggest the deal is valued at around US$800m.

The sale sees Yildiz abandon plans to list the Istanbul-based dairy maker. According to the company's prospectus, the company's float value was expected to stand at TRY1.85bn (US$668m) and TRY2.2bn.

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact