Sabancı Holding

The combined net profit of the companies, whose shares are traded on the stock exchange, increased by 75 percent in the third quarter to hit 444 billion Turkish Liras ($15.6 billion).

Turkish company Kordsa has decided to acquire the majority of shares of Italy-based Microtex Composites for 24.6 million euros.

The European Bank for Reconstruction and Development (EBRD) is extending a new Turkish Lira-denominated long-term loan equivalent to $110 million to Enerjisa Enerji, one of Turkey's largest utilities, according to statements released on Nov. 30. 

Sabancı Holding, one of Turkey's prominent conglomerates, has applied to the Competition Authority to sell its stakes at two tobacco companies to its long-time partner Philip Morris International (PMI).

Şevket Sabancı, a billionaire member of Turkey's Sabancı family, died at the age of 85, local media reported on July 22.

He was one of the four sons of Hacı Ömer Sabancı, the founder of companies that later formed Sabancı Holding, Turkey's second-largest industrial group.

Şevket Sabancı was the deputy chairman of Sabancı Holding until 2004.

The European Bank for Reconstruction and Development (EBRD) provided Turkey's electricity company Enerjisa Enerji with a financing package worth $100 million in Turkish lira equivalent, the bank announced late on Dec. 19.

Sabancı Holding, one of Turkey's largest conglomerates, has announced that it decided to divest its stake in its wool maker unit Yünsa Yünlü Sanayi.

Major Turkish conglomerate Sabancı Holding announced on July 31 that it appointed Cenk Alper as its new CEO.

Sabancı Holding, one of Turkey's largest conglomerates, has said it is planning a total of 6 billion Turkish Liras ($1.13 billion) of investments this year.

Sabancı Holding Chair Güler Sabancı is the only Turkish name in Forbes magazine’s latest list of the World’s 100 Most Powerful Women.