Turkey's Yildiz moves more assets to UK holding company

Turkish food giant Yildiz Holding said on Friday it has sold a $400 million stake in biscuit maker Ulker to its London-based holding company, to which it has moved its core biscuit, chocolate and confectionery businesses. Outside of Turkey Yildiz is better known for its international brands, which include Godiva chocolates and McVities' biscuits. Yildiz, which it says is the largest food manufacturer in central and eastern Europe, the Middle East and Africa, eventually plans to list the shares in Pladis, the UK holding company.