"Yildiz Holding, the Turkish company that owns the Godiva chocolate brand, is in talks to acquire businesses in the Middle East and Eastern Europe to compensate for slower sales growth in its home market, Bloomberg has reported. The company is looking at confectionery companies and other food producers as potential acquisitions, said Cem Karakas, chief financial officer of the Istanbul-based company. "In the future, growth at our food business is expected to be at the same level or slower than the food industry's growth in Turkey," Karakas said. "Therefore this shortfall is being compensated with our expansion abroad."
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