Facor Alloys Arm to Acquire Stake in an Turkish Chrome Miner

  • Monday, March 11, 2013
  • Source:

  • Keywords:Facor Alloys Turkish Chrome
[Fellow]
Equity Bulls reported that Facor Alloys Ltd through its overseas wholly owned subsidiary namely Facor Minerals B.V has acquired a 51% stake in a Netherlands based Company Dillenburg Bergen NH Realty BV for a consideration of USD 10 million.
 
The Netherlands based overseas company DBR has a wholly owned subsidiary namely Cati Madencilik Ithalat ve lhracat AS in Turkey which is having a Chrome Ore Mining area of 572 hectare and exploration licence for an area of 26 hectare in Kayseri, Turkey.
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