Turkish delight as Yildiz borrows for buyout

Yildiz joined the glut of Turkish food companies looking for loans this week, as it eyed as much as £900m to back its £2.1bn acquisition of Jaffa Cake maker United Biscuits. The loan adds to Ülker Biscüvi and Yıldız subsidiary Ak Gıda, which were set to close conventional and Islamic deals this week.