Auchan has acquired the operational rights to 14 Ramstore hypermarkets in Russia from ENKA, aiming to enhance its market presence and capitalize on the region's growing retail sector.

Information on the Target

ENKA is the largest construction firm in Turkey, recognized globally as a significant player in the industry. Since 1981, it has been listed among Engineering News-Record (ENR)’s Top International Contractors. To date, ENKA has successfully secured over 100 projects within Turkey, totaling approximately $5 billion in contract value, alongside an impressive portfolio of more than 300 projects valued at $35 billion internationally.

Industry Overview in Turkey

The construction sector in Turkey has experienced robust growth in recent years, supported by government investment in infrastructure and urban development. The country's strategic location as a bridge between Europe and Asia enhances its attractiveness for international investment. Notably, Turkey has seen a surge in residential and commercial projects, driven by a growing urban population and an increase in foreign direct investment.

Furthermore, the Turkish construction industry is characterized by its diversified segments, including residential, commercial, infrastructure, and energy projects. This diversification provides substantial opportunities for growth