Cahit Paksoy, president of the information technology and real estate investment division of Ülker’s parent company, Yıldız Holding, speaking to news editors at a private meeting in İstanbul yesterday, noted that by 2015, the company’s non-food sector operations will have reached 50 percent of the total operations, revealing that this figure has reached 30 percent today.
Answering a question regarding which countries and sectors the food giant was targeting, Paksoy stated that any new partners would have to bring new technology and know-how to Yıldız and that most of such companies were in the European Union and the US. He said they would be working to buy and consolidate non-food sector companies and that they are looking into purchasing Nortel Netaş, a Turkish telecommunications firm, adding that he could not give detailed information regarding the process. In addition, he stated that he expects to have news in February or March about possible acquisitions outside of Turkey.
Speaking about sectors that the group would not be looking into, he said work for the government, heavy industry, energy, tourism, entertainment and media were “harmful to humans” and that they would not be looking into possible acquisitions or partnerships in those sectors.
