Turkish frozen and canned food manufacturer Penguen Gida has announced plans to sell its 25% stake in fruit and vegetable processing company Penkon Gida.
In a statement to the Istanbul Stock Exchange yesterday (8 July), the company said it had appointed Turhan Gencoglu, deputy chairman of the board of directors, to hold negotiations for the sale of the stake and finalise the sale process.
Penguen, which also produces ready meals and jarred foods, did not disclose if it had received any expressions of interest for the stake.
Penkon Gida operates a 100,000 sq m facility in south-western Turkey, which has an annual fruit and vegetable processing capacity of around 100,000 tonnes.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData