22.05.2025 10:00
The Savings Deposit Insurance Fund has put HES Hacılar Elektrik AŞ (HES Kablo), which is considered the largest company in Anatolia owned by the Treasury, up for sale. A starting price of 22 billion TL has been set for 100% of the company's shares, and bids can be submitted until June 30.
The Savings Deposit Insurance Fund (TMSF) has put up for sale 100% of the shares of HES Hacılar Elektrik AŞ (HES Kablo) owned by the Treasury, with a starting price of 22 billion TL. The sale will be conducted through a bidding process.
BIDS CAN BE SUBMITTED UNTIL JUNE 30
According to the announcement published in today's Official Gazette, bids for the shares to be sold at a starting price of 22 billion TL can be submitted until June 30. The auction is expected to take place on July 1. Bids will be submitted in TL based on the cash price.
The auction includes the sale of 30 billion shares of HES Kablo with a nominal value of 0.01 TL owned by the Treasury, along with 21.9 million shares of Erciyes Çelik Halat AŞ with a nominal value of 1 TL owned by the Treasury.
100 THOUSAND PERSONNEL ARE EMPLOYED
Hes Hacılar Elektrik and Erciyes Çelik, managed under Erciyes Anadolu Holding, are being put up for sale by TMSF. HES Kablo produces with approximately 1,100 personnel in its two factories in Kayseri. HES Kablo ranked fourth in Turkey in the Export Honor List prepared by the Electrical and Electronics Exporters Association for its export performance in 2023, and it took first place in the cable category. HES Kablo exports cables to many countries, including Europe. A starting price of 22 billion TL was determined for Hacılar Elektrik and Erciyes Çelik on August 28, 2024.
BELLONA WAS SOLD FOR 8 BILLION 100 MILLION TL
The Savings Deposit Insurance Fund (TMSF) sold Bellona, one of Turkey's furniture giants, for 8 billion 100 million TL at the beginning of May. It is expected that approximately three times this amount will be generated from the sale of HES Kablo and the accompanying companies.