TMSF puts the giants for sale | Economic News

Stating that it is not possible to sell growing companies such as Erciyes Anadolu Holding and Koza Altın before the legal process is completed, SDIF President Muhiddin Gülal said, “Aynes Gıda, Alfemo, Aker Tekstil and Central Hospital are being considered for sale this year”.

According to the news of Neşe Karanfil from Hürriyet newspaper; Savings Deposit Insurance Fund (TMSF) President Muhiddin Gülal said that growing and profitable companies such as Erciyes Anadolu Holding and Koza Gold cannot be sold before the legal process is completed. Speaking at the conversation meeting on the activities of the SDIF, Gülal stated that the number of companies that took over the Fund management after 15 July was 797. Noting that the companies actively reached 64 percent and the equity growth reached 60 percent, Gülal said, “We did not have any company that lost altitude during the SDIF trustee period”. Noting that the legal processes need to be finalized in order to draw the roadmap for the companies, Gülal said, “There are companies that we have taken over, especially in an emptied way. We made loss-making companies such as Naksan Group and Aynes operational. “We had a sales process at Naksan and Royal Halı, but when we were not lucky (we will repeat the tender in a future date), we postponed it.”

Expressing that there are 8-10 large groups in the Fund, Gülal said, “These groups correspond to 80 percent of the total assets. Our concentration is on them. Erciyes Anadolu Holding decided to confiscate it at the Supreme Court stage. The confiscation decision was made in Koza, but at the stage of appeal. We say that (Koza Gold, gold producing, if the legal process confirmed that Turkey may transfer the Assets Fund), this is an option. Erciyes Anadolu Holding went through a very serious restructuring, separating the brands. Public offering can be a method. We have brilliant companies, sales may be on the agenda after the conditions are met. In any case, the legal processes need to be finalized so that we can make these projections healthier. In 2021, Aynes Gıda, Alfemo Furniture, Aker Tekstil, Mark Antalya Shopping Mall and Central Hospital are under consideration ”.


Gülal stated that they are carrying out a construction project called “Ataşehir Modern” in Ataşehir within the scope of the studies for the Balkaner Group and said, “We will go on sale by launching. It is a project of 1 thousand 113 residences and 3 blocks. There are 70 commercial areas, from 1 plus 1 to 5 plus 1 flats of different sizes. We have a prediction that we can collect 1 billion lira public receivables from there. We will close the Balkaner file with him, ”he said.


Koza Gold in Turkey on the question of the transfer of assets Gülali Fund, “so there’s a chance. As a result, the Wealth Fund established a company called Türk Madencilik AŞ. When we look at the companies owned by the Wealth Fund, you cannot put furniture there, but Koza produces gold and it is a strategic company. Koza Gold produced one third of the gold produced in the country. I say as a projection, when the legal process is finalized, we can transfer it to the Wealth Fund.


After reminding the work on the LAW reform, Gülal said, “It is not possible to return these companies with legal reform. Let me state this very clearly. Since the legal processes are not finalized at the moment, the ownership right is still in the former owners. The possibility of a return from this is not very possible at the point of combating terrorism, ”he said.


Stating that Fi Yapı, one of the construction companies managed within the scope of the SDIF, is unsolved, Gülal said that the company has no money in its safe. Gülal said, “Neither the state nor the SDIF put a penny here that it cannot take back. Fi Yapı has one island in Dikili. We think that with the sale of the island, we can eliminate at least some of the grievances. A 50 million euro valuation was made for the island, ”he said.


Source: bigpara- GÜNDEM by

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