On November 18th, 2013, Mediterra Capital Management Limited (“Mediterra Capital”) agreed to acquire 49% stake formerly held by Ashmore Funds in Arzum Elektrikli Ev Aletleri A.S. (“Arzum”), the well known and successful Turkey based small household appliances company established in 1966.
3U Finance and Raiffeisen Investment acted as the sell-side co-advisors of Ashmore Funds and Kolbasi Family on the transaction.
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