Page 105 - TURKRptOct19

Sabanci Holding, founded in 1967, is active in banking and financial services (Akbank, Avivasa), energy (Enerjisa), cement, retail (Teknosa, Carrefoursa) and industry sectors.
Sabanci’s industry group consists of tyre maker Brisa, textile makers Kordsa and Yunsa and cement makers Akcansa and Cimsa.
Sabanci Holding has controlling interests in 11 companies that are also listed on the Istanbul stock exchange.
Sabanci Group companies operate in 16 countries and market their products in regions across Europe, the Middle East, Asia, North Africa, North and South America.
Sabanci Holding’s multinational business partners include Ageas, Aviva, Bridgestone, Carrefour, E.ON, Heidelberg Cement, Marubeni and Philip Morris.
The Sabanci family has a 53.9% stake in Sabanci Holding and other Sabanci companies have another 3.3% while the remaining 42.8% is on free-float.
● Others
Klimasan, a Turkish manufacturer of shop and restaurant beverage. beer and wine coolers, freezers and ice cream cabinets has bought newly founded company NS Makina for a consideration of Turkish lira (TRY) 28mn (€4.5mn) in cash.
In a filing with the Borsa Istanbul, Klimasan said that the acquired company was established early this month and has not yet engaged in commercial activities.
“NS Makina owns a 41,000-square-metre-land plant next to Klimasan’s factory which could be used in a possible expansion of the existing production facility,” Klimasan said in the statement, explaining the reasoning behind the purchase.
Kliimasan’s manufacturing plant has a capacity of over 550,000 units/year. It supplies 145 different products to 350 to 400 customers in 79 countries and has been ranked as among the top 500 companies in Turkey, according to information on the company’s website.
Shares in Klimasan closed the day almost flat, trading at TRY11.04 per share on September 18.
The Hungarian Defense Forces are to buy Ejder Yalcin 4×4 armoured combat vehicles manufactured by Turkey’s Nurol Makina, Népszava has
105 TURKEY Country Report October 2019 www.intellinews.com