OYAK Takes Direct Board Role in Turkey's Tekfen Holding

OYAK’s ON Investment BV acquired a 42.8% stake in Tekfen Holding after the Competition Authority approved the share transfer. The first board meeting of the new OYAK‑led period was held, during which Chairman Nevzat Avunç resigned. OYAK General Manager Murat Yalçıntaş was appointed Chairman of the Board, and OYAK officials Ahmet Çağrı Özer and Ahmet Raci became board members. The partnership is expected to generate new collaborations and growth opportunities across industry, energy, construction, agriculture and logistics, and to leverage combined knowledge, financial strength and operational experience for international expansion. Following OYAK’s entry, Tekfen Holding’s portfolio grew from 146 to 185 companies, overseas entities from 58 to 76, and its presence expanded from 24 to 29 countries, including Turkey.