December 1 (SeeNews) - The Government Pension Fund of Norway has acquired a 7.7% stake in Turkish confectionery producer Kervan Gida, Turkish media reported on Tuesday.
The shares acquired by Norway's state pension fund have a total nominal value of 4 million lira ($508,600/425,000 euro), Anadolu Agency reported.
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Kervan Gida carried out a public share offering on November 26-27. One third of the offered shares was acquired by domestic individual investors, according to the media report.
Established in 1994, Kervan Gida produces and distributes jelly, licorice, marshmallow, lollipop, gum, candies and other confectionery items.
(1 euro = 9.4107 lira)