Business · Companies · 3 hrs ago
Doğuş Otomotiv signs letter to sell its TÜVTÜRK Güney stake
Doğuş Otomotiv signed a letter of intent to sell its stake in TÜVTÜRK Güney, a vehicle inspection joint venture in Turkey.
The planned buyers are two regional companies belonging to Turka.
The stake represents 33.333% of TÜVTÜRK Güney, whose total capital is 291.246 million lira.
The letter was signed on October 16, 2026, but it does not finalize the sale.
The price, sale terms and completion date are not yet known.
If the deal goes ahead, Doğuş Otomotiv's ownership and voting rights in TÜVTÜRK Güney will fall to zero.
The company says it will share updates under capital markets rules, while the sale's possible profit or loss has not been disclosed.
Doğuş Otomotiv signed a letter of intent to transfer all of its 33.333% stake in TÜVTÜRK Güney.
The letter was signed on October 16, 2026, and names two Turka regional companies as buyers.
The shares have a nominal value of 97.082 million lira, while TÜVTÜRK Güney’s total capital is 291.246 million lira.
The sale price, terms and completion date have not been disclosed.
If the sale is completed, Doğuş Otomotiv’s stake and voting rights in TÜVTÜRK Güney will fall to zero.
- Who
- Doğuş Otomotiv signed the letter of intent. The named buyers are Turka Birinci Bölge Araç Muayene İstasyonları Yapım ve İşletim A.Ş. and Turka İkinci Bölge Araç Muayene İstasyonları Yapım ve İşletim A.Ş.
- What
- Doğuş Otomotiv plans to transfer all of its 33.333% stake in TÜVTÜRK Güney.
- When
- The letter of intent was signed on October 16, 2026.
- Where
- TÜVTÜRK Güney, a joint venture. The companies are identified as Turka’s first- and second-region companies.
- Why
- Not stated
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- Doğuş Otomotiv stake
- 33.333% of TÜVTÜRK Güney
- Shares’ nominal value
- 97.082 million lira
- TÜVTÜRK Güney total capital
- 291.246 million lira
- Potential buyers
- Two Turka regional companies
- Sale price and completion date
- Not disclosed