Related Keywords: DMT producers, Indoram Ventures PLC, polyester staple fibers, SASA, Turkish textile market
Indorama Ventures PLC through its subsidiary Indorama Netherlands B.V. (IBV) from Hacı Ömer Sabancı Holding A.Ş. (Sabancı Holding) has finally under the financial advice of Standard Chartered Bank managed to take over 51% stakes of SASA a leading producer in the world for polyester staple fibers, filament yarns, polyester-based and specialty polymers and intermediates (DMT). As per the Turkish Capital Markets Legislation, the balance 49% SASA’s share on the Borsa Istanbul and IBV will run a mandatory tender offer.
