CAREL signs binding agreement to acquire 51% of CFM Soğutma ve Otomasyon

CAREL Group announced a binding agreement to acquire a 51% majority stake in CFM, a long-standing Turkish distributor and partner in the HVAC/R market, establishing a direct presence in Turkey. Closing expected by end of July 2021, subject to antitrust approval.

“the Group announces that yesterday a binding agreement has been signed for the acquisition of 51% of CFM Soğutma ve Otomasyon A.Ş.”

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