Thursday 30 September 2010

FDI - Investcorp Fund to Invest $50 Million in Tiryaki Agro of Turkey

Sept. 29 (Bloomberg) -- Investcorp Bank BSC, the Bahrain- based alternative-investment firm, said its Gulf Opportunity Fund I will make a $50 million investment in Tiryaki Agro of Turkey.

“The capital will be mostly used to invest in new assets to strengthen Tiryaki Agro’s growth and support its expansion into different markets in the region,” Investcorp said in an e- mailed statement today.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net
To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Source : http://www.businessweek.com/news/2010-09-29/investcorp-fund-to-invest-50-million-in-tiryaki-agro-of-turkey.html - Sept 29, 2010