NewsTurkey's furniture giant İstikbal is for sale.

Turkey's furniture giant İstikbal is for sale.

Turkey's furniture giant İstikbal is for sale.

01.07.2025 10:46

The Savings Deposit Insurance Fund (TMSF) has put İstikbal Furniture Industry and Trade Inc., which belongs to the treasury, up for sale with a starting price of 12.5 billion TL.

The Savings Deposit Insurance Fund (TMSF) will put up for sale the 100% shares of İstikbal Furniture Industry and Trade Inc., which are owned by the treasury, through a combination of closed bidding and auction methods.

SALE PRICE DETERMINED

Those wishing to purchase İstikbal Furniture, which will be sold with a starting price of 12 billion 500 million TL, can submit their final bids in person to the TMSF Subsidiaries and Real Estate Department by 4:30 PM on September 29.

AN AUCTION WILL BE HELD

The tender will start at 10:00 AM on September 30 at TMSF, and an auction will be held after the opening of the bids submitted in closed envelopes.

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