The crisis hit them too! Turkey's three major giants went bankrupt.

08.09.2025 13:30

The global economic crisis is also affecting companies in Turkey. Ak Sav İnşaat Hafriyat, operating in Istanbul, Portex Grup İnşaat, located in Ankara, and Zenio, one of the pioneers in the furniture sector in Konya, have declared bankruptcy due to the ongoing economic crisis. The bankruptcy of these companies highlights the extent of the economic difficulties.

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Long-established companies operating in Turkey's three major cities have gone bankrupt, unable to overcome economic difficulties. Bankruptcy decisions have been issued by the courts for Ak Sav İnşaat Hafriyat in Istanbul, Portex Grup İnşaat in Ankara, and Zenio, one of the leading brands in the furniture sector in Konya.

AK SAV CONSTRUCTION IN ISTANBUL HAS GONE BANKRUPT

Ak Sav İnşaat Hafriyat, which has been in the sector for over 15 years, had its request for concordat rejected. The Bakırköy 3rd Commercial Court declared the company's bankruptcy as of 15:05 on September 2, 2025. While the measures were lifted, the duties of the concordat commissioner board were terminated. Bankruptcy proceedings were initiated at the Istanbul Trade Registry Office.

PORTEX CONSTRUCTION OPERATING IN ANKARA HAS DISAPPEARED FROM HISTORY

The Ankara 2nd Commercial Court rejected Portex Grup İnşaat's request due to withdrawal in the concordat case. The company's bankruptcy was decided at 12:09 on September 4, 2025. Previously granted extension decisions became invalid, all measures were lifted, and the duties of the commissioners' board were terminated. Creditors will need to pursue their rights through the bankruptcy estate.

ZENIO FURNITURE IN KONYA HAS RAISED THE BANKRUPTCY FLAG

The Konya 2nd Commercial Court ruled for the bankruptcy of Zenio Furniture by rejecting the concordat case it opened. Previously granted temporary extensions and precautionary measures were lifted, and the duties of the concordat commissioner were terminated. A bankruptcy estate was established for the company under the Konya 1st Enforcement Directorate.

3 GIANT COMPANIES WENT BANKRUPT AT ONCE

The bankruptcy of three companies that held strong positions in their fields in different cities highlighted the extent of the economic difficulties. With the court decisions, the concordat processes have ended, and creditors will need to follow their rights through the bankruptcy estates.