The Share Sale Process of Mutlu Akü Successfully Completed Under the Financial Advisory of Garanti BBVA

Foreks - In a transaction where Garanti BBVA served as the exclusive financial advisor on the seller side, Mutlu Akü has been acquired by Quexco Inc, a Dallas, Texas-based company known for its investments in lead mining, smelting, and recycling.

Under the leadership of Garanti BBVA, the process carried out in collaboration with Vakıfbank (IS:VAKBN) and Ziraat Bankası has been successfully completed to meet the investment needs of Mutlu Akü regarding sustainability, modernization, and capacity increase plans.

Hakan Birhan, the Director of Investment Banking and Finance at Garanti BBVA (BME:BBVA), commented on the sales process: "We are pleased to announce the successful completion of the acquisition of Mutlu Akü, one of Turkey's leading battery manufacturers. As the Investment Banking and Finance Department, we take pride in playing a leading role in this transaction, which facilitates direct foreign investment into our country and is of greater importance than ever under current economic conditions. We will continue to be involved in financing and advisory processes for mergers and acquisitions, as well as provide support to institutions in need."