Turkey: Batıçim Çimento, part of Bati Anadolu Group, is considering selling up to a 75% stake in its subsidiary Batısöke Çimento. A source quoted by Reuters says that financial services group Unlu&Co has been hired to handle the sale. A document seen by Reuters indicates that due diligence for any potential offers is scheduled to be completed by September 2019. Batisöke Çimento operates one integrated and one grinding plant in Turkey.
In 2018 Turkish conglomerate Sabancı Group mandated Unlu&Co to sell cement producers Kayseri Çimento, Nigde Çimento and Ladik Çimento.