Related Keywords: acquire Turkish retailer, Altınyıldız, Beymen and Network, Boyner Perakende, entry to Turkey, expand its global presence, high end clothing brands, international market, Mayhoola for Investments of Qatar, Qatari royal family investor, retail brands
Mayhoola for Investments OPC of Qatar focus on local and global investments is to acquire Turkish retailer Boyner Perakende’s 30.7 percent for 885 million lira. This would mark an entry to Turkey for the Qatari-royal-family investor, which has been expanding its global presence.
Boyner Group Chairman and CEO Cem Boyner welcomed the move, through partnership with Mayhoola they plan to strengthen their capital to be able to finance their future investment goals.