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Turkey’s Trakya buys 50% in HNG Float Glass for $60M; IFC exits with 3.3x returns

Turkey’s Trakya buys 50% in HNG Float Glass for $60M; IFC exits with 3.3x returns

12 Jun 2013

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Turkey’s Trakya buys 50% in HNG Float Glass for $60M; IFC exits with 3.3x returns

Turkish glass maker Trakya Cam Sanayii A.S. has bought 50 per cent stake in Kolkata-based HNG Float Glass Ltd (HNGFL), as per a stock market disclosure.The deal, which was announced earlier this year, had originally envisaged Trakya picking up 45 per cent stake in HNG Float Glass for an undisclosed ......