Invest AD to seal first Turkey deal within four months
State-owned Abu Dhabi investment vehicle Invest AD is looking to buy Turkish companies focused on pharmaceuticals, food, consumer goods and industrial manufacturing. Samir Assaad, head of the company’s private equity unit, told Bloomberg that the first investment is likely to come within three or four months. Assaad was speaking Seoul where he was meeting potential South Korean strategic partners with expertise in the target industries.
Invest AD sees considerable investment opportunities in Turkey, which has a diversified and fast-growing economy but a shortage of capital. Last week, the company reached an agreement with SBI Holdings,...
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