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Turkish Company of Half a Century is Being Sold to Dubai Investors: Transfer Process Has Begun
🇹🇷 Turkey /Sports

Turkish Company of Half a Century is Being Sold to Dubai Investors: Transfer Process Has Begun

From Cumhuriyet · () Turkish

Translated from Turkish, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Kervansaray Yatırım Holding, a Turkish company with a 50-year history, is in official talks for its majority stake to be sold to Dubai-based Oasis Prime-FZCO.
  • The potential deal, estimated at 3.5 billion Turkish lira, would transfer management control to the UAE-based investor if completed.
  • This development follows a significant stock performance, with the company's shares rising 375% in the last six months.

A significant shift in ownership is underway for Kervansaray Yatırım Holding, a Turkish company with a half-century legacy. Official negotiations have commenced for the sale of the company's 62.06% controlling stake to Oasis Prime-FZCO, a firm headquartered in Dubai.

The proposed transaction, with an estimated value of 3.5 billion Turkish lira, marks a potential turning point for the long-standing Turkish enterprise. Should the deal finalize, the management control of Kervansaray Yatırım Holding will transition to its new investor based in the United Arab Emirates.

This potential acquisition comes on the heels of a remarkable surge in the company's stock performance. Over the past six months, Kervansaray's shares have seen an impressive appreciation of 375%, indicating a strong market interest leading up to this major ownership change.

DistantNews Editorial

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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