According to the news of Bloomberg, Turkven, which has 70% share, and Sancak family, which has 30% share, started the sales process of MNG Cargo. Private equity firm Turkven and Sancak family started a sales process of MNG Cargo, which has been in their portfolio since 2017.
Turkven, which has 70% share, and Sancak family, which has 30% share, started the sales process of MNG Cargo.
Private equity firm Turkven and Sancak family started a sales process at MNG Cargo, which has been in their portfolio since 2017.
According to Bloomberg’s information obtained from sources close to the subject, Turkven and Sancak family sign an agreement with a local consultancy company and want to evaluate the interest shown especially by international companies for MNG Cargo. Sources stated that if the right price is not found, the process may not result in a sale.
Turkven and Sancak family owns 30% of the shares in MNG Kargo, which was founded by MNG Holding in 2003 and invested in 2017 by Turkven and the family of businessman Haydar Sancak.
Representatives of MNG Cargo, Turkven and Sancak family did not comment on the issue.
Source: Haberturk / Translated by Irem Yildiz