Rothschild to pay 200 million Euros for local brand

Nat Rothschild, a member of the Rothschild family, considered among the wealthiest in the world, had acquired the cable manufacturer Deka in 2021 through Volex, where he serves as Chairman of the Board. Volex, which purchased the company's shares for 61.8 million euros, had advanced negotiations over the summer to acquire Murat Kablo for 200 million Euros.

Sold for 200 million euros

The Volex company, owned by Nat Rothschild, completed negotiations during the summer and submitted its applications to the Competition Authority. Billionaire Nathaniel Philip Rothschild (Nat Rothschild) had come to Istanbul to acquire Murat Kablo for 200 million euros, and according to the latest information, the sale process has been officially completed.

While Murat Ticaret confirmed on its website that the company was acquired by Volex as of 2023, the multi-million euro sale has raised expectations for new investments in Turkey.

Volex, which is traded on the London Stock Exchange, is known as an integrated manufacturer of critical power and data transmission products.

Had stood out with oil investments

Murat Ticaret ve Kablo A.Ş is a company with factories and centers in 16 countries. Volex's acquisition of this company is recorded as the largest acquisition it has made to date. Volex is a company with more than 8 thousand employees in 22 countries and is entering Turkey with this acquisition. The company had previously incorporated 10 different firms. Nat Rothschild established his first contact with Turkish companies in 2011 with Genel Enerji. Nat Rothschild had also entered the oil exploration business in Iraq together with Mehmet Emin Karamehmet.

News Source: 12punto