Sabancı Holding

Shares in Carrefour slumped on Aug. 31 after the world's second-largest retailer warned 2017 operating profit could fall by around 12 percent.

Carrefour shares were down by around 10 percent in early trading, while Carrefour's French rival Casino also lost ground.

Sabancı Holding, a prominent Turkish conglomerate, saw its consolidated sales increase 11 percent to 19.2 billion Turkish Liras (around $5.45 billion) year-on-year in the first half of 2017, the business said on Aug. 18.        

Members of the families that own Turkey’s two biggest groups of companies sold a combined total of about $575 million in shares in their respective groups, as the benchmark Turkish stock index closed at a record high on Wednesday.

The founding family members of Turkey's Koç Holding and some non-management members of the family of another leading conglomerate, Sabancı Holding, have decided to sell stakes in the firms. 

Shares in the company fell sharply on May 25 following the related announcements. 

The head of Sabancı Holding has said the company's shares are currently trading at a discount of around 40 percent, and its priority is to increase this share value to an acceptable level, Reuters has reported. 

Speaking at a press conference in Istanbul on May 23, Sabancı Holding CEO Mehmet Göçmen said the company would apply a new management model by this summer. 

An Istanbul court on May 17 sentenced İsmail Akkol, one of the prime suspects in the 1996 assassination of Sabancı Holding board member Özdemir Sabancı, to an aggravated life sentence in one of the country's most notorious assassinations, state-run Anadolu Agency has reported.

A prosecutor has demanded an aggravated life sentence for İsmail Akkol, one of the prime suspects in the 1996 assassination of Özdemir Sabancı who was arrested 20 years after the Sabancı Holding board member's killing.

Akkol stands accused of "attempting to change the constitutional order by force of arms." 

Sabancı Holding and E.ON have made an agreement to restructure Enerjisa and its subsidiaries, Sabancı said in a statement on March 24. 

Each company has a 50 percent stake in the energy company. 

A Belgian court sentenced on Feb. 20 outlawed Revolutionary People's Liberation Party-Front (DHKP-C) militant Fehriye Erdal to 15 years in jail and deprived her of civil and political rights for 10 years in absentia for crimes committed in Turkey, including being an accomplice in the 1996 assassination of the former head of the industrial conglomerate Sabancı Holding.

The Competition Board has announced that it has launched a probe into seven electricity companies owned by Sabancı Holding to investigate whether they abused their dominant market position.