Competition Board Approves Altun Gıda's Investment in Seğmen Gıda

Altun Gıda, together with GMS Yatırım Holding and Ümit Gümüş, has invested in Seğmen Kardeşler Gıda Üretim ve Ambalaj Sanayi A.Ş. The first phase of this investment has been approved by the Turkish Competition Authority. The approval ensures the investment process proceeds within the legal framework. The joint venture of the companies aims to increase capacity in the food production and packaging sector. The Competition Authority's decision was based on the assessment that it would not create any adverse effects on market conditions. This is not an investment recommendation.