Turkey's Tat Gida plans to raise capital of dairy unit Moova by 81%

Tat Gida plans to complete the capital hike in 2014, it said in a bourse filing on Tuesday.

Tat Gida took over Moova for 32.3 million lira in August, purchasing 99.9% of Moova’s shares from fabrics producer Soktas Tekstil Sanayi ve Ticaret [BIST:SKTAS] and the remaining 1% from individual shareholders, in a bid to strengthen the cheese line of products in its dairy portfolio.

(1 euro = 2.9019 Turkish lira)