Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

TMSF puts 5 trustee-run firms in Gaziantep OIZ on sale 

by DAILY SABAH

ISTANBUL Oct 26, 2020 - 6:04 pm GMT+3
The TMSF building in Istanbul, Turkey, Sept. 23, 2020. (Sabah File Photo)
The TMSF building in Istanbul, Turkey, Sept. 23, 2020. (Sabah File Photo)
by DAILY SABAH Oct 26, 2020 6:04 pm
RECOMMENDED
Russian-flagged Ro-Ro ship Lady R transits Bosporus in Istanbul, Türkiye, April 27, 2023. (Reuters Photo)

Turkish exporters hope to clinch record of over $267B in annual sales

foreign-trade

Turkey’s Savings Deposit Insurance Fund (TMSF) put up on sale five companies that were previously handed down to the fund due to their links to the Gülenist Terror Group (FETÖ).

According to the TMSF decision, made public in the Official Gazette on Monday, Naksan Plastic, Nakpilsa Plastic, Royal and Atlas carpet companies and carpet yarn producer BCF1 will be sold.

The appraised value of the companies has been determined as TL1.881 billion ($232 million).

Hundreds of FETÖ-linked companies were seized and handed over to the TMSF since the failed coup attempt of July 15, 2016. Since it took over, the TMSF had planned to sell companies with proper balance sheets while liquidating the nonoperational ones.

The scope of the Naksan Plastic sale includes its factories producing several types of products at the first Organized Industrial Zone (OIZ) in southeastern Turkey’s Gaziantep, along with goods, rights and assets related to the factory. The appraised price of the firm is TL 1.126 billion.

The sale of Nakpilsa Commercial and Economic Integrity which was established with a fund board decision following a trustee appointed to the company with Gaziantep Public Prosecutor’s Office decision includes the factories located in the fourth OIZ in the Gaziantep and the related contracts. The estimated value of the firm is TL 315 million.

The carpet and carpet yarn firms' factories that are to be sold with the TMSF decision are also located in OIZs in Gaziantep. The estimated value for the carpet firms was revealed as TL 353 million while it is TL 87.5 million for the carpet yarn manufacturing firm.

FETÖ staged the defeated coup d’etat on July 15, 2016, which left 251 people killed and nearly 2,200 injured.

RECOMMENDED
Russian-flagged Ro-Ro ship Lady R transits Bosporus in Istanbul, Türkiye, April 27, 2023. (Reuters Photo)

Turkish exporters hope to clinch record of over $267B in annual sales

foreign-trade
  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    turkey’s savings deposit insurance fund trustee-run firms gülenist terror group
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Brazil's Dani Alves in action during the FIFA World Cup Qatar 2022 Round of 16 match between Brazil and South Korea at Stadium 974, Doha, Qatar, Dec. 5, 2022. (Getty Images Photo)

    Dani Alves remains in jail as new rape case's harrowing details unfold

    DANI-ALVES
    A fragment of the statue of Pan, the Greek god of shepherds and flocks in Greek mythology, discovered in Saraçhane Archaeology Park, Istanbul, Türkiye, June 1, 2023. (DHA Photo)

    Excavations in Istanbul unearth statue of Greek deity Pan

    pan

    Sudan's paramilitary forces take over Khartoum museum

    SUDAN

    'Ulysses of Istanbul': Celebrating James Joyce's masterpiece

    james-joyce
    No Image
    Up and away: Chile's Cumbres Balloon Festival 2022
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021