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Şişecam Completes Merger of its Subsidiaries

Şişecam successfully completed its merger of its main subsidiaries, Türkiye Şişe ve Cam Fabrikaları A.Ş. – Anadolu Cam Sanayii A.Ş., Denizli Cam Sanayii ve Ticaret A.Ş., Paşabahçe Cam Sanayii ve Ticaret A.Ş., Soda Sanayii A.Ş. and Trakya Cam Sanayii A.Ş. The process was initiated on Jan. 30, 2020; the official application to Turkey’s Capital Markets Board was approved on July 23, 2020.

“Şişecam has already broken new ground in Turkey and worldwide in line with its vision of being a pioneer in its business lines,” says Prof. Ahmet Kırman, Şişecam vice chairman and CEO. “We are now recording another major success with this merger. We have completed the largest merger of the Turkish capital markets with exemplary success. Şişecam has become the industrial enterprise with the highest free float rate in Turkey―49 percent. We would like to thank our shareholders for their overwhelming support during this merger process, which can rarely be seen internationally. We also extend thanks to our employees who made this success possible with their valuable contributions. In addition, our gratitude goes out to our customers and business partners for their trust and loyalty to Şişecam. Encouraged by our stakeholders, we plan to take even faster steps in the future to achieve our ambitious global goals.”

Read the full statement here.