Strategic Internet Investments, the Canadian investment company, is to purchase a 51 per cent controlling interest in Turkish factoring company, Bayindir Faktoring Hizmetleri.
Bayindir is one of the leading factoring companies operating within the Turkish financial markets. Bayindir closed 2003 with approximately US$35m in total sales and is targeting US$85m total sales in 2004. Bayindir's customers within the Turkish market conduct business within the transportation, food, textile, medical and machinery sectors. Bayindir employs 20 people within its main office in Istanbul and a branch office in Izmir, Turkey.
Source: Business Wire
