Afyon Çimento Sanayi Türk Anonim Sirketi (IBSE:AFYON) announced a private placement of common shares for gross proceeds of TRY 97,000,000 on April 3, 2015. The securities will be issued to existing investor Cimsa Cimento Sanayi ve Ticaret Anonim Sirketi. Post the closing of the transaction, the capital of the company will increase from TRY 3,000,000 to TRY 100,000,000.

Investor currently owns 51% stake in the company.