Limak Holding

Limak Holding A.S. is a Turkish conglomerate, with major interests in construction, energy, cement, and tourism. Its assets include the Limak Cement and Limak Energy companies and the Limak Tourism Group.[2] In 2012 it had around $260m revenue from construction.[3]

Limak Holding
Industryconstruction, energy, media
Founded1976
Headquarters
Turkey 
Key people
Nihat Özdemir[1]
Websitelimak.com.tr

In May 2013 Limak Holding was part of a joint venture which won the EUR22bn contract to construct a third international airport in Istanbul.[4] The group had previously been part of a joint venture which in 2007 won a 20-year concession to operate Sabiha Gökçen International Airport,[5] and in 2007, together with French firm Aéroport de Lyon, won the concession tender for Pristina International Airport.[6]

In July 2013 it was part of a joint venture which acquired the daily newspaper Akşam, together with TV channel Sky Turk 360 and radio station Alem FM, for TL60m.[7] Limak was launched in 1976 by Sezai Bacaksız and Nihat Özdemir, with Özdemir focussing on cement and energy while Bacaksız focussed on airports and tourism.[8]

In December 2013 Nihat Özdemir was among the 41 suspects who were issued arrest orders in the second corruption probe. «Prosecutors also appear to be targeting construction companies involved in some of the government’s showpiece infrastructure projects. Those named in media reports included Nihat Ozdemir, head of Limak Group, part of a consortium that won the € 22 billion tender to build Istanbul’s third airport».[9] In 2011 Özdemir and Bacaksız were listed as billionaires by Forbes.[10]

References
  1. Alp, Aysel (19 July 2013). "Seized media assets of Turkish group suddenly sold to the winning contractor of Istanbul's 3rd airport". Hurriyet Daily News. Archived from the original on 4 March 2017. Retrieved 30 July 2020.
  2. "About Us". Limak Holding. Retrieved 30 July 2020.
  3. Alp, Aysel (19 July 2013). "The Top 225 International Contractors, 2012". Engineering News Record. Archived from the original on 22 January 2013. Retrieved 30 July 2020.
  4. "Üçüncü havalimanı ihalesini Limak-Cengiz-Mapa-Kolin-Kalyon OGG kazandı". Hurriyet Daily News (in Turkish). 3 March 2013. Retrieved 30 July 2020.
  5. "Limak wins airport bid for 1.93 bln euros in 38 rounds". Today's Zaman. 11 July 2007. Retrieved 30 July 2020.
  6. Kiliç, Ali Aslan (14 August 2010). "Kosovo to open to world with Turkish-built airport". Today's Zaman. Archived from the original on 19 August 2010. Retrieved 30 July 2020.
  7. "Gov't asked to explain sale of media group, others". Today's Zaman. 21 July 2013. Archived from the original on 22 July 2013. Retrieved 30 July 2020.
  8. Ozkan, Funda (18 August 2013). "Limak'ın torunları staja başladı". Radikal (in Turkish). Retrieved 30 July 2020.
  9. Strauss, Delphine; Finkel, Andrew (28 December 2013). "Turkey crisis inflicts pain on markets". Financial Times. Retrieved 30 July 2020.
  10. "The World's Billionaires 2011". Forbes. October 2011. Archived from the original on 9 March 2012. Retrieved 30 July 2020.


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