Turkish majority stake in BMC sold to steelmaker Tosyali Holding

by Kerry Herschelman

Two Turkish businessmen have sold their 51.1% stake in BMC Industry and Trade Inc (Sanayi ve Ticaret Inc), a joint Turkish-Qatari venture that manufactures armoured vehicles and tanks to the country's leading steelmaker, Tosyalı Holding, according to the Turkish Trade Registry Gazette of 22 June.

The Qatar Armed Forces Industry Committee retained a 49.9% share in BMC that it bought in 2014. Five Qataris out of 10 members of the company's executive board retained their positions after the Turkish share sale.

https://www.janes.com/defence-news/news-detail/turkish-majority-stake-in-bmc-sold-to-steelmaker-tosyali-holding

Two Turkish businessmen have sold their 51.1% stake in BMC Industry and Trade Inc (Sanayi ve Ticaret...

Related news

Request Consultation

Request a free consultation to discover how Janes can provide you with assured, interconnected open-source intelligence.

Details