Turkey's fuel giant has declared bankruptcy protection.

Turkey's fuel giant has declared bankruptcy protection.

16.09.2025 20:00

The global economic crisis has led to the bankruptcy of many companies in Turkey, with the latest addition being Daspet Akaryakıt, which operates in Adana. Daspet, Turkey's fuel giant, which has been in operation since 2013, declared concordat following the economic crisis it experienced.

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Adana-based Daspet Fuel and LPG Distribution Inc. has filed for concordat due to financial difficulties. A 3-month temporary injunction decision was issued by the Adana 1st Commercial Court regarding the company.



THERE IS A 7-DAY OBJECTION PERIOD



According to the court's decision, creditors can object to the concordat request within 7 days from the date of announcement, in accordance with Article 287 of the Enforcement and Bankruptcy Law. If there is no objection, the process will continue under the temporary injunction.



THE COMPANY'S FINANCIAL STRUCTURE HAS COME UNDER PRESSURE



Founded in 2013, Daspet quickly grew to become one of the important fuel brands in the region. Previously, the company aimed to increase the number of stations by 25% across Turkey and had expanded in Adana and surrounding provinces. However, the economic fluctuations and difficulties in the sector in recent years have put pressure on the company's financial structure.



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