Turkish meat producer Pinar Entegre Et ve Un Sanayii has denied speculation it is in talk with Bahraini private-equity firm Investcorp regarding a partnership or sale of its shares.

Reports claimed Investcorp is in talks to acquire a minority stake in Pinar Et and that the two companies have signed a confidentiality agreement regarding the potential acquisition. 

In a bourse filing, the Istanbul-listed firm said “the allegations are completely untrue”.

In January, Investcorp acquired a minority stake in Turkish meat producer Namet Gida.