Yildiz Ups Stake In Kerevitas

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Turkey-based food and drink giant Yildiz Holding has increased its stake in leading domestic food processor Kerevitas to 51%. Kerevitas possesses a notable product portfolio that includes a wide vegetable, fruit and seafood range. The investment in Kerevitas ties in to Yildiz's strategy to pursue domestic and foreign expansion opportunities to accelerate growth. Yildiz will be buoyed by BMI's forecast that through to 2013, food consumption is expected to increase by 28.2% and reach TRY109.1bn.