Turkish food firm Tat Gida Sanayi has sold its meat business to local meat processor Namet Gida for US$75m.

The deal includes the sale of Tat Gida’s manufacturing facility in Istanbul, its land and equipment.

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The move sees Tat Gida exit the meat business following the sale. The company added it expect to book TL150m (US$70m) in gains from the disposal, which it would use to repay debt.

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