Turkey’s Modanisa sells stake to Goldman Sachs, Wamda Capital to fund overseas expansion
Turkey’s leading modest fashion e-commerce company Modanisa has sold a minority stake to Goldman Sachs and Wamda Capital to fund its overseas expansion, it said in a statement on Monday.
Modanisa did not reveal the size of the transaction, which is seeking approvals from Turkey's competition authorities.
Its overseas expansion plan involves strengthening its “e-commerce substructure” and current logistics centres in Europe and the Middle East as well as opening new offices.
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