UAE Royal’s Firm Considers Buying Stake in Turkey’s Biotrend

Multiply Group, the Abu Dhabi holding company with investments ranging from Getty Images to Rihanna’s lingerie firm, is in talks to buy a stake in Turkish waste management firm Biotrend, according to people with knowledge of the matter.

Discussions between Multiply and Biotrend Cevre ve Enerji Yatirimlari AS are at an advanced stage, although details of the potential deal such as its size and value are still being finalized, the people said, asking not to identified because the talks are private.