Italcementi wants to increase ownership in Goltas

Italcementi wants to increase ownership in Goltas
Published: 12 April 2006

Italcementi is interested in increasing its stake the Turkish cement company Goltas, according to local reports. Italcementi has recently increased its stake in Goltas to 7.22 per cent by buying its shares on the stockmarket. Adnan Ignebekcili, chairman of Set Cimento, owned by Italcementi, said that Goltas was important for the Italian company, not only for its operations in Turkey but also for the operations in the Mediterranean region. 


He said that Italcementi would continue buying Goltas shares on ISE, as far as the stock price did not increase significantly. Italcementi also wants to have a control in the management of Goltas, according to the article. Goltas was taken over from Demirel group by the SDIF (Saving Deposit Insurance Fund), against the group’s debt to the State.