Sanipak, owner of Selpak and Solo, sold to Malaysian company for $600 million
Sanipak, the parent company of Turkey's leading home care and hygiene brands Selpak and Solo, has been transferred to Malaysia-based Arch Peninsula Sdn Bhd. The sale was completed at a valuation of $600 million under an agreement signed in March.
The transfer process became official after receiving the necessary approvals from relevant regulatory authorities. This development was announced to the public via the company's notification to the Capital Markets Board of Turkey (KAP).
The sale of Sanipak is considered a significant consolidation in Turkey's hygiene and paper products sector. Selpak and Solo brands have had a strong consumer base in the Turkish market for many years.
The Malaysian buyer is noted to have entered the Turkish market through this acquisition, aiming to expand its regional operations. The financial details of the deal are being closely monitored for the company's future strategies.
This is not investment advice.
📊 SELVA — Piyasa Yorumu
▼ down · 60%The sale of Sanipak could create uncertainty due to the change in control of the company and may exert short-term pressure on the stock. Technical indicators already show a weak outlook, with the RSI at 42 in the neutral-to-low zone and a negative MACD, suggesting that selling pressure could persist. The price is just below the 20-day moving average and well below the 50-day average, indicating a downward short-term trend. While the news could have a positive impact on the company's valuation, market reaction typically focuses on the terms of the sale and the new owner's plans, so caution is warranted. In the short term, the price is likely to test the 1.70 TL support level, but there is also a risk of slipping below this level.
RSI 14
42.1
MACD
-0.02
24h Δ
0.00%
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