Kervan Gıda Opens its Company at EU Borders

Kervan Gıda opens its company at EU borders. The company has been preparing to expand abroad for a while.

Emphasizing its growth plans abroad in the period when it will be offered to the public, Kervan Gıda decided to establish a company under its own ownership within the borders of the EU (European Union). In the statement made by Kervan Gıda to the Public Disclosure Platform, it was noted that within the framework of the structuring in the European region, it was decided to establish a new company, 100 percent owned by Kervan Gıda San. ve Tic. AŞ., within the borders of the European Union. Kervan Gıda announced that it has signed a contract with KPMG Yönetim Danışmanlık AŞ. for the necessary investigations and researches. The company has been preparing to expand abroad for a while. As explained before, Kervan Gıda stated that a preliminary protocol was signed with a company in line with its strategic targets as a result of the researches conducted in order to benefit from customs tax advantages, to distribute the geographical risk and to strengthen the position of the Bebeto brand. Making a statement to Bloomberg HT in the previous period, Burhan Başar, General Manager of Kervan Gıda, said that they were planning to make a purchase in Europe with 55 percent of the public offering revenue. Kervan Gıda, the 7th public offering of 2020, earned 466 million lira from the public offering.     Source: Bloomberg HT