Turkey's Sabanci sells Sasa unit to Indorama Ventures for $62 mln

ISTANBUL, April 9 Wed Apr 9, 2014 10:11am EDT

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ISTANBUL, April 9 (Reuters) - Turkish conglomerate Sabanci Holding said on Thursday it agreed to sell a majority stake in polyester maker Sasa unit to Thailand's Indorama Ventures for $62 million.

Sabanci said it sold the 51 percent stake in Sasa in a statement to Istanbul stock exchange. The remaining 49 percent remains publicly traded. (Reporting by Ece Toksabay, editing by Dasha Afanasieva)

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