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Indorama Ventures’ unit acquires shares in SASA from Haci Omer Sabanci Holding and plans a tender offer for all shares in SASA

Wednesday, 9 Apr 2014 08:43pm EDT 

Indorama Ventures PCL:Indorama Netherlands BV, a unit of the company, has signed a sales and purchase agreement to acquire 51 pct in SASA Polyester Sanayi AS (SASA), located in Turkey on April 9.From Haci Omer Sabanci Holding AS.Upon completion, the company to launched a mandatory tender offer to acquire the remaining 45 pct in SASA.The completion date is expected to be within Q2 2014. 

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