Turkven-backed Alpha Flexibles to invest in Elif

According to a public application filed with the Turkish competition authority, Rekabet Kurumu, Alpha Flexibles is seeking to wholly acquire Elif.

Alpha Flexibles is controlled by a group of international investors that are advised by Turkven, according to a report in Turkish financial daily Dünya.

Established in 1972 and headquartered in Istanbul, Elif exports its products to 50 countries and operates an additional facility in Cairo, Egypt. It employs a staff of 1,400 employees.

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• Topics
• Expansion
• CEE
• Industrials
• Turkey
• Turkven Private Equity