Fuel giant to be sold to foreign investors
Negotiations are underway for the sale of a majority stake in Alpet, which owns more than 300 fuel stations in Turkey, to the Virgin Islands-based Mount Private Capital.
Alpet, which was acquired from Altınbaş Holding by Zeren Group in 2023, has entered a new ownership transition process. In March, an agreement was reached for the sale of 49 percent of Alpet to Mount Private Capital.
Now, Zeren Group has returned to the table with the same fund for the sale of Alpet's remaining majority shares.
ALPET'S POSITION IN TURKEY
Alpet, one of Turkey's leading fuel brands, has a wide network with more than 300 stations.
Last year, Zeren Group was on the verge of acquiring TP Petrol Dağıtım A.Ş., but the deal was canceled at the last minute. If Alpet's shares are transferred to Mount Private Capital, another major fuel brand in Turkey will have passed under foreign control.
News Source: 12punto
Most Read
Striking picture for Özgür Özel's 'New Party'
The PKK opening and Özgür Özel’s path!..
How did the newspapers view Özgür Özel's farewell to the CHP?
He killed his wife by slitting her throat: Their children witnessed the moments
What did the CHP do?
Özel’s new party move in the world press
Fire at TUSAŞ engine factory in Eskişehir under control
The New CHP, against CEHAPE
From self-efficacy to despair
Kılıçdaroğlu's first message on Özgür Özel's new party announcement