Doğuş Otomotiv initiates sale of TÜVTÜRK stakes

Doğuş Otomotiv has initiated talks to sell its entire 66.66 percent stake in TÜVTÜRK. The company signed letters of intent regarding its 33.33 percent holdings in both TÜVTÜRK North and TÜVTÜRK South vehicle inspection stations. While the sale process has begun, final transaction terms and conditions have not yet been finalized.

Other Turkish corporate developments include DCT Trading signing a 1.15 million USD contract to export cotton to an Asian buyer. Additionally, Armada Gıda signed a 1.015 million euro contract for a wheat semolina production line, bringing its Armada-3 investment project to 85 percent completion. Fonet Bilgi Teknolojileri also secured a 99.66 million TL health informatics tender from the Düzce Provincial Health Directorate.