TMSF to Auction Off Furniture Giant Istikbal with a Valuation of 12.5 Billion TL

TMSF to Auction Off Furniture Giant Istikbal with a Valuation of 12.5 Billion TL

The Turkish Savings Deposit Insurance Fund (TMSF) has announced that it will auction İstikbal Furniture, a major player in the Turkish furniture industry, which was seized during the FETÖ investigations in 2016. The company will go to auction with an estimated value of 12.5 billion Turkish lira. The auction date is set for September 30, 2025. Tender Details Released in Official Gazette According to the announcement published in the Official Gaze…

Turkey to auction off major companies seized after 2016 coup attempt - Turkish Minute

#Turkish authorities are preparing to auction off two major companies seized after the country’s 2016 attempted coup, drawing renewed attention to human rights and property rights concerns over the past decade.

Turkey to auction off major companies seized after 2016 coup attempt - Stockholm Center for Freedom

Turkish authorities are preparing to auction off two major companies seized after the country’s 2016 attempted coup, drawing renewed attention to human rights and property rights concerns in the years since the failed military takeover, the TR724 news website reported. The state-run Savings Deposit Insurance Fund (TMSF) announced tenders to auction İstikbal Mobilya, once part of the family-owned Boydak Holding conglomerate, and Akfel Gaz, a lead…