OMCO INTERNATIONAL NV signed a stake sale agreement to acquire remaining 50% stake in OMCO Istanbul Kalip Sanayi ve Ticaret A.S. from Anadolu Cam Sanayii A.S. (IBSE:ANACM) for €12.8 million on April 19, 2017. For the year ending on December 31, 2016, Omco Istanbul Kalip had revenue of €27.1 million (TRY 70.91 million), profit from continuing operations of approximately €6.32 million (TRY 16.57 million) and total comprehensive income of approximately €6.35 (TRY 16.63 million). As at December 31, 2016, Omco Istanbul Kalip had total assets of €20.1 million (TRY 52.63 million), total liabilities of approximately €5.01 (TRY 13.13 million) resulting in net assets of €15.1 million (TRY 39.5 million). Gaye Spolitis and Sezi Demircark of Erdem & Erdem acted as legal advisor to Anadolu Cam Sanayii while Aysegul Yalcinmani, Ozge Esin Soley, Secil Abali and Sait Kursuncu of Cerrahoglu Law Firm acted as legal advisor to OMCO International.