Brief: Ulusoy Un Says It Secures Land for Pasta Plant in Samsun, Pays Majority of 388.8 Mln Lira Fee
01/12/2025 05:19
Dec 1 (Reuters) - ULUSOY UN SANAYİ VE TİCARET ULUUN.IS: SAID ON FRIDAY TOOK DELIVERY OF DELIVERY OF A 38,762-SQUARE-METER PLOT ADJACENT TO ITS SAMSUN 50TH YEAR PRODUCTION FACILITY AS PART OF PLANS TO BUILD A PASTA MANUFACTURING PLANT, IN LINE WITH ITS STRATEGY TO EXPAND VERTICALLY INTO HIGH VALUE-ADDED SEGMENTS USING WHEAT AS A RAW MATERIAL THE LAND, LOCATED IN THE SAMSUN FOOD SPECIALIZED ORGANIZED INDUSTRIAL ZONE, WAS ALLOCATED TO THE COMPANY AND OFFICIALLY HANDED OVER ON NOVEMBER 28 THE TOTAL ALLOCATION AND SUPERSTRUCTURE ACQUISITION COST AMOUNTS TO 388.78 MILLION LIRA, OF WHICH 332.25 MILLION LIRA WAS PAID UPFRONT THE REMAINING 56.53 MILLION LIRA WILL BE SETTLED BY AUG. 31, 2026 Source text for Workspace: nIKA4rHGTq Further company coverage: ULUUN.IS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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