Turkey: Majority stake in Singer Bangladesh for Arcelik
Dhaka, 25 Mar 2019; AA: Turkish appliance giant Arcelik has signed an agreement to acquire a majority stake in Singer Bangladesh for $75 million, an official announcement said on Sunday.
Under the agreement, Ardutch BV, a wholly owned subsidiary of Arcelik, would acquire a 57 percent stake in Singer Bangladesh's majority shareholder Retail Holdings Bhold BV.