Merger of global player approved
Following approval by Turkey’s Capital Markets Board, shareholders have sanctioned the merger of all operations at Sisecam Group under a single umbrella.
Sisecam aims to simplify the structure of its business by merging with its four publicly listed subsidiaries (Trakya Cam, Anadolu Cam, Soda Sanayii and Denizli Cam) and Pasabahce Cam into a single listed corporation.
“The merger of all group operations under one entity will bolster Sisecam’s competitive edge globally” explained Professor Ahmet Kirman, Sisecam Group Vice Chairman and CEO (illustrated). “We see Sisecam's merger as a historic milestone in line with our long-term strategies and competitive goals in global markets.”