Temsa Will Be Able to Start Production Again

He applied for concordat at the end of last year due to his financial situation. Temsawas initiated by the consortium of banks formed under the leadership of Ziraat Bank. Financial Restructuring (FYR) managed to complete the process positively. 

Temsa, one of the most important organizations in Turkey's automotive industry; He made a change in his partnership structure in May 2019, and as a result of this change, he experienced serious financial difficulties and ultimately concordat had applied.

In order for Temsa to start its operations again in May of this year Sabanci Holding's subsidiary Exsa Export Industrial Products Sales and Research (ExSA) and Czech Republic Skoda TransportationPPF Beer Topholdco B.V., a subsidiary of PPF Group, the parent company of PPF Group. (PPF) signed a partnership agreement to purchase all Temsa shares in a 50-50 partnership.

With the approval of the partnership by the Competition Authorities in Türkiye and relevant countries, Sabancı Holding and Skoda Transportation acquired Temsa. main shareholders has become. The completion of the Financial Restructuring process paved the way for Temsa, which will continue its activities in partnership with Sabancı-Skoda, to return to production.

Despite everything, it is worth remembering that there are no official statements on the subject. The information received indicates that Sabancı Group and Skoda Group executives will come together in the coming days and make statements and discuss the issues in question. will sign a contract for partnership towards.