Temasek stake values 'Salt Bae' Turkish restaurant owner at $1.2 billion

ISTANBUL (Reuters) - Singapore's Temasek and Britain's Metric Capital have bought into Nusr-Et steakhouse owner D.ream in a deal valuing the Turkish firm at $1.2 billion.

Nusr-Et was made famous by butcher-turned-social media star Nusret Gokce, who went viral under the nickname "Salt Bae" in 2017 after posting videos of himself salting meat.

Salt Bae's distinctive cobra-like manoeuver earned Gokce more than 12 million Instagram followers and has helped launch Nusr-Et restaurants in the Middle East, New York and Miami.

Dogus Restaurant Entertainment and Management (D.ream), which has a presence in 170 locations in 12 countries, said on Monday state-owned Temasek Holding and Metric Capital had paid $200 million for a 17 percent holding.

(Reporting by Ebru Tuncay; Writing by Ali Kucukgocmen; Editing by David Dolan and Alexander Smith)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Colombia mine collapse kills 13
• Overloaded boat capsizes in Nigeria, around 40 children's bodies recovered
• Harry and Meghan to return to the press 'lion's den' they sought to escape