Founded in 1978, Aksoy Holding operates in three sectors; Oil & Energy, Tourism & Real Estate, and International Trade.
Aksoy Holding carries its Oil & Energy activities via Turcas Petrol (BIST: TRCAS) and its subsidiaries. Turcas Petrol, with a history stretching back 87 years, is an oil/energy-focused investment company having subsidiaries with leading companies in their sectors. Turcas’ subsidiary in fuel distribution and lubricants market, Shell & Turcas Petroleum, thanks to its network of 1,011 Shell-branded gas stations nationwide, oil storage terminals, lubricants production and marketing activities, reached to a turnover of 19.6 billion TL in 2017. With this turnover, it is not only a leader of the energy sector, but also among the top 10 largest companies in Turkish economy. In the field of energy, Turcas and its German partner RWE took the 800 MW Denizli Natural Gas Combined Cycle Power Plant, constructed with a €600 million joint investment, into operation in 2013. Supporting Turkey’s network supply security by its high technical capability, Denizli Power Plant is capable of meeting 2% of Turkey’s power demand solely. Focusing on renewable energy investments in recent years, in first phase Turcas took Turcas Kuyucak Geothermal Power Plant into operation in Aydin with an installed capacity of 18 MW in 2017Q4. In second phase, Turcas aims to diversify its investment portfolio in power generation with further geothermal exploration activities in its licences in Denizli and Manisa.
Tourism & Real Estate is the second core sector of Aksoy Holding. The group which owns the Conrad Istanbul Bosphorus İstanbul’s largest 5+ star hotel, operated by Hilton, is engaged in a range of real estate investments through subsidiaries Aksoy Bodrum Real Estate Investments (Epique Island), Aksoy Maslak Real Estate Investments (Aksoy Plaza), and Aksoy Petrol Real Estate Investments.
Third business unit of Aksoy Holding is International Trade with a special focus on Iraq, Syria, Azerbaijan, other Middle East and North Africa. Operations in this business unit are carried out by Aksoy International, Aksoy Middle East, and Aksoy Iraq subsidiaries.
While continuing to carry out investments, production, exports, distribution, and trade with its global partners in various industries, Aksoy Holding has embraced the vision of being one of the most admired, dynamically managed, continually growing, and value creating investment companies in Turkey.
According to the consolidated financials of Aksoy Holding, Group’s total assets reached 2,433 Billion TL and shareholders’ equity exceeded 1,009 Million TL by 2017-end while employing ca. 1.845 people.
OIL & ENERGY
TOURISM & REAL ESTATE