There were more than 800 stations! The fuel giant Türkiye Petrolleri has officially been sold.

Zeren Group made a remarkable move in the energy sector by acquiring Türkiye Petrolleri. The new owners of the giant company, which has more than 800 fuel stations, have strengthened Zeren Group's entry into the energy sector.

STRENGTHENING ITS PRESENCE IN THE INDUSTRY

Zeren Group, which previously acquired Alpet to strengthen its presence in the sector, will determine its strategy with the Türkiye Petrolleri brand and whether it will merge with Alpet depending on the decision of EPDK.

ONGOING NEGOTIATIONS FOR T-BANK

Zeren Group, chaired by Mustafa Yiğit Zeren, has been in talks for a long time to acquire Turkland Bank (T-Bank), which is jointly owned by Bankmed, owned by the Hariri family from Lebanon, and Arab Bank from Jordan, according to Toygun Atilla's report in Patronlar Dünyası.

TÜRKİYE PETROLLERİ HAS 9 FILLING FACILITIES

The fuel stations, which were founded by Türkiye Petrolleri Anonim Ortaklığı in 1963, continued their activities as TP Petrol Distribution Inc. since 2009. TP Petrol Distribution Inc., which was privatized with the largest acquisition of 2016 by Turkuaz Petrol, a fuel distribution company affiliated with Zülfikarlar Holding, continued its operations under the Türkiye Petrolleri brand. TP Petrol Distribution Inc., which has a total of 9 filling facilities and more than 800 fuel stations with a storage capacity of approximately 307,000 m3, is one of the strong players in the fuel sector.

8 DIFFERENT SECTORS, 23 SEPARATE BRANDS, 4 CONTINENTS

Zeren Group Holding was founded by Honorary Chairman Rıdvan Zeren in 1973. The half-century journey of the company, which started with financial consultancy, continued with international trade. Zeren Group Holding, which is growing day by day under the leadership of Chairman Mustafa Yiğit Zeren, operates in 8 different sectors, with 23 brands on 4 continents. Türkiye Petrolleri, which was sold today, will be transferred to Zeren Group after the approval of the Competition Board.