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BRIEF-Ulker To Start Negotiations With Yildiz Holding Regarding Capital Increase In 12.2%-Owned Unit G.New Inc

July 3 (Reuters) - ULKER BISKUVI SANAYI:

* SAID ON TUESDAY TO START NEGOTIATIONS WITH YILDIZ HOLDING REGARDING THE CAPITAL INCREASE IN 12.2%-OWNED UNIT G.NEW INC.

* DECIDES TO PROVIDE UP TO $60.0 MILLION AS CAPITAL ADVANCE TO BE USED FOR THE INVESTMENT OF THE NEW BUSINESS MODEL IN G.NEW.INC.

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Further company coverage: (Gdynia Newsroom)

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