TURKEY > China based Alibaba is set to make strategic investment in Turkey based Trendyol

alibaba logo The world’s largest online and mobile commerce company, Alibaba Group has entered an agreement with Turkey’s leading e- commerce platform Trendyol in which Alibaba will invest into the company as well as acquire shares from existing investors. Marking the largest internet sector transaction in Turkey to date, according to the agreement Trendyol and Alibaba will cooperate to accelerate Trendyol’s growth More …

TURKEY > USA based Radisson is set to open Park Inn by Radisson in Istanbul Odayeri, Turkey

Carlson Rezidor logo new Park Inn is the upper midscale hotel that delivers upbeat environment is set to open in Istanbul Odayeri. Park Inn is a brand by Carlson Rezidor Hotel Group and the latest opening makes the portfolio in Turkey to 20 hotels and more than 3500 rooms in operation for the Group. Located in the developing neighborhood on the European side of More …

TURKEY > UAE based Rotana opens up two new hotels Centro WestSide and WestSide Arjaan by Rotana in Turkey

rotana logo One of the leading hotel management companies in the Middle East, Africa and Turkey, Rotana has opened up two new hotels namely Centro WestSide and WestSide Arjaan in the European side of Istanbul. Both the hotels were in partnership with Mar Yapı which is one of Turkey’s leading innovative real estate development companies. The two new properties are strategically located More …

TURKEY > UAE based Abraaj Group Acquires Stake in Netlog Lojistik Hizmetleri, Turkey’s Largest Logistic Company

Netlog Lojistik Dubai, UAE based Abraaj Group has acquired a significant minority stake in Turkey’s largest logistic company, Netlog Lojistik Hizmetleri, a company that operates in both Europe and Asia. Netlog offers a complete supply chain solution by maintaining 65 warehouses with a combined area of more than 1.1 million square meters and owning a fleet of 3200 transport vehicles. Founded in More …

TURKEY > Germany’s Bosch Invests TL 650 million ($184.2 million) in Turkey

Bosch German giant Bosch has invested TL 650 million ($184.2 million) in Turkey and the investment will primarily go to Bursa. Bursa has been a stronghold for Turkey for Bosch and Turkey itself has received the fourth largest investment in Bosch worldwide investment scale. Turkey itself is an important country for all the multinationals as it is the second largest country More …

TURKEY > France Based ADP to invest US$ 160 Million Additional Capital in Turkey’s TAV

TAV-Airports According to Reuters, French airport operator ADP will increase its stake in Turkish airport operator TAV Airports to 46% from its current stake of 38%. The cost for additional 8.12% stake will be around US$ 160 Million with valuation of TAV Airports’ equity at around $2.0 billion, or 19.2 Turkish lira per share. With this TAV will still remain a Turkish company, with More …

TURKEY > US based P&G to invest $80Mn for production plant in Gebze, Turkey

Procter_and_Gamble_Logo.svg USA based Procter & Gamble (P&G) is set to invest $80Mn on a production plant in Gebze, Turkey. P&G plans to produce diapers and feminine care products in the plant. P&G has been operational in Turkey since 1987, and has invested over $700 million since its entry into Turkey.   About P&G Procter & Gamble (P&G) is an American consumer goods corporation headquartered More …

TURKEY > India’s Mahindra acquires Turkey based Hisarlar for $19Million

Mahindra_Rise_New_Logo.svg India based Mahindra Group acquires Turkey based farm equipment company-Hisarlar Makina Sanayi ve Ticaret Anonim Şirketi (Hisarlar) for around $19Mn. The deal involves 75.1% acquisition by Mahindra in Hisarlar. The transaction is set to complete by first half of 2017.   About Mahindra Group Mahindra Group is an Indian conglomerate holding company headquartered at Mahindra Towers in Mumbai, India, with operations in over More …