Friday, April 05, 2019

Arçelik to buy 57% stake in Singer Bangladesh

The Turkish consumer electronics manufacturer Arçelik has completed Majority acquisition of Bangladesh Top Electronics Retailers singer . Singer is Publicly traded company in Bangladesh . Under the agreement, Ardutch BV, a wholly owned subsidiary of Arçelik, would acquire a 57 percent stake in Singer Bangladesh’s majority shareholder from Retail Holdings Bhold BV, remaining 43% is in Dhaka stock Exchange

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