PARIS (dpa-AFX) - Danone (DANOY.PK) announced Monday that it signed a partnership agreement with Sirma, one of the leading players in the Turkish water market. The agreement will enable Danone to acquire a 50.1% interest in Sirma.
With reported sales of nearly 100 million euros, Sirma is active in plain and flavored bottled waters, and in Home & Office Delivery.
The transaction is subject to the approval of the competent authorities. The transaction is expected to be completed before the end of 2013.
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