PPF to acquire a 50% stake in Temsa from True Value Capital Partners.

PPF, an international investment company, agreed to acquire a 50% stake in Temsa, a Turkish bus and coach manufacturer, from True Value Capital Partners, an investment services provider. Financial terms were not disclosed. "We believe there are many areas where we can find mutual business opportunities and utilize the strengths of both partners," Ladislav Chvátal, PPF Group Investment Director.