Godiva Chocolatier Merges Into Yildiz Holding

ISTANBUL - Belgian chocolate brand mark Godiva has merged into Yildiz Holding according to a written statement by Ulker Group of Turkey.
The statement said Yildiz Holding, which owns Ulker Group, signed an agreement with U.S. Campbell Soup Co. in December 2007 to acquire Godiva, and the legal procedures of the agreement have been concluded.
Yildiz Holding and its affiliates paid 850 million USD to Campbell Soup Co. for Godiva and thus recorded a very important development in world chocolate industry.
The statement said Yildiz Holding positioned Godiva an independent company under the chairmanship of Jim Goldman, and Goldman would also manage global operations of Godiva.
(AY-MS)