Indorama Ventures acquires 51％ of SASA

摘要

Indorama Ventures has acquired 51％ of polyester and PET producer SASA Polyester Sanayi AS, (SASA) in Turkey through its wholly-owned subsidiary Indorama Netherlands BV (IBV), from Haci OEmer Sabanci Holding AS, (Sabanci Holding). SASA is a publicly listed company on the Borsa Istanbul and IBV will be conducting a mandatory tender offer for the remaining 49％ of SASA's share as per requirements of Turkish capital markets legislation. SASA incorporates integrated feedstock and polymer facilities producing DMT, staple fibres, filament yarns, PET, PBT polymers and specialty chemicals with a total plant capacity of 600,000 tons per annum. It supplies both Turkish and European markets with high quality, high value added products.