İstikbal Mobilya put up for sale
The Savings Deposit Insurance Fund (TMSF) has put the Treasury-owned shares of İstikbal Mobilya, one of the country's leading furniture manufacturers, up for sale. The estimated value of the tender has been set at 16.5 billion lira.
The Savings Deposit Insurance Fund (TMSF) has begun preparations for the sale of 100 percent of the shares of the publicly owned İstikbal Mobilya Sanayi ve Ticaret A.Ş. Details regarding the sale were announced in a tender notice published in the Official Gazette.
The total estimated value of the İstikbal Mobilya shares put up for sale was announced as 16 billion 500 million lira. The deposit required for candidates wishing to participate in the tender has been set at 825 million lira. Additionally, a payment of 300 thousand lira is required for the tender specifications.
Candidates must submit their sealed envelope bids to the TMSF headquarters in Esentepe, Istanbul, by 16:30 on May 11. Applications received after the specified deadline will not be considered.
The tender will be held on May 12, 2026, at 10:00 at the same address. First, the sealed envelopes will be opened and the initial bids will be evaluated; subsequently, the auction phase will commence.
News Source: 12punto
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