Sabancı Holding has signed an agreement to acquire 94.7% of Mannok Holdings to enhance its position in sustainable materials and expand its European market footprint.
Target Company Information
Sabancı Holding, a prominent Turkish conglomerate, has demonstrated impressive growth in its net asset value (NAV), which has increased 2.5 times over the past three years, now exceeding $11 billion. The organization reported combined sales of 517.9 billion TL and an EBITDA of 61.8 billion TL for the first half of 2024, reflecting a robust operational performance amidst challenging global economic conditions.
Sabancı has emphasized both organic and inorganic growth strategies to enhance its core businesses while spearheading investments in new growth platforms within the so-called 'new economy'. This includes sectors such as energy and climate technologies, materials technologies, and digital solutions, wherein the focus on sustainability and international customer base expansion remains a priority.
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Industry Overview in Turkey
The Turkish economy has been undergoing significant transformation, especially in the context of energy and utilities. Sabancı Holding has positioned itself at the forefront of this transformation through its subsidiary Enerjisa, which has inves
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Disclosed details
Revenue: $277M
EBITDA: $30M