SIMONA Aktiengesellschaft (DB:SIM) agreed to acquire 70% stake in MT Plastik AS from Tufan Kalkan and others on November 9, 2020. The existing owners of MT Plastik will retain 30% of the interest in MT Plastik. Tufan Kalkan, Chairman of MT Plastik will remain as a member of the management team. MT Plastik reported revenues in excess of €11 million. Subject to the final approval of the antitrust authorities, the transaction is expected to be closed on December 31, 2020. As of December 21, 2020, the approval of the relevant antitrust authorities was granted and the transaction was delayed to the first quarter of 2021. SIMONA Aktiengesellschaft (DB:SIM) completed the acquisition off 70% stake in MT Plastik AS from Tufan Kalkan and others on February 1, 2021.