# Saudi Cable Company sells Demirer Kablo stake to ZTT

Saudi Cable Company signed an agreement to sell its entire stake in Demirer Kablo, a Turkish cable manufacturer, to Chinese group Jiangsu Zongitan Technology. Control has been passed to the new owners.

- Type: Acquisition
- Announced: 2018-03-09
- Where: Turkey, Türkiye
- Status: completed
- Products: high and extra high voltage energy cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Saudi Cable Company](https://endata.com/companies/30673.md)
- [Demirer Kablo](https://endata.com/companies/16249.md) (target)
- [Jiangsu Zongitan Technology](https://endata.com/companies/30674.md) (acquirer)

## Sources

- [tradearabia.com](https://www.tradearabia.com/News/217034/Saudi-Cable-Company-sells-entire-stake-in-Turkish-group), 2018-03-09: "Saudi Cable Company said it has signed an agreement to sell the company's entire stake in Demirer Kablo... to Chinese group Jiangsu Zongitan Technology (ZTT)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.