Transmed acquires majority of Turkish food distributor. Ernst & Young, Bank Audi, and Bankmed were intermediaries

Transmed, a distributor of Fast Moving Consumer Goods (FMCG), has acquired an 80 percent stake in Demak, a Turkish importer and distributor of food products.

Demak's brand name will change to Transmed Turkey.

"This deal is in line with Transmed's strategy of broadening its presence across the world," said Elias Sahyoun, Finance Director at Transmed.

Ernst & Young, Bank Audi, and Bankmed were the financial consultancies of the deal.

Founded in 1946, Transmed focuses ...

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