Adana Cimento suspends talks with Oyak

Adana Cimento suspends talks with Oyak
Published: 18 January 2006

Cement company Adana Cimento said that it suspended talks with Oyak regarding the sale of its shares in Oysa Cimento. In November, Adana Cimento announced that it would sell 3.21 per cent of its Oysa shares to the Turkish military pension fund Oyak within two months. The statement released yesterday by Adana Cimento read that there would be further public announcement in case of any development regarding the sale of shares.