08.07.2026 15:41
The sale tender of Assan Group, which was seized last year as part of the "military espionage" investigation and managed by the TMSF as a trustee, has been completed. The company, with an estimated value of $416.5 million, was purchased by ROKETSAN, the sole bidder in the tender, with a $471 million offer.
The auction for the sale of Assan Group, one of Turkey's leading defense industry companies, which was seized last year as part of the "military espionage" investigation conducted by the Istanbul Chief Public Prosecutor's Office, has been completed. The company was purchased by ROKETSAN in the organized auction.
TMSF APPOINTED AS TRUSTEE LAST YEAR
The Savings Deposit Insurance Fund (TMSF) was appointed as trustee for Assan Group, which was seized as part of the "military espionage" investigation, last year. Subsequently, a decision was made to sell the company, and the tender was carried out through an auction procedure.
ESTIMATED VALUE SET AT 416.5 MILLION DOLLARS
Within the scope of the tender conducted by the TMSF, the estimated value of the Assan Group Commercial and Economic Integrity was announced as 416 million 500 thousand dollars. A guarantee of 41 million 650 thousand dollars was requested from participants in the tender.
ROKETSAN WAS THE ONLY PARTICIPANT
ROKETSAN participated as the sole bidder in the auction held today at 11:00 AM. The defense industry company became the new owner of Assan Group with a bid of 471 million dollars.