Roketsan Becomes New Owner of Assan Group in $471 Million Acquisition
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9 Articles
ROKETSAN won the auction for the sale of ASSAN Group, a defense industry company whose management was transferred to the TMSF (Turkish Treasury and Finance Ministry) following a military espionage investigation conducted by the Istanbul Chief Public Prosecutor's Office. ROKETSAN, which submitted the highest bid of $471 million at the auction held in Istanbul last month, became the new owner of the factory with a majority stake held by the Turkis…
Roketsan Becomes New Owner of Assan Group in $471 Million Acquisition
Turkish defense company Roketsan has acquired Assan Group, one of Türkiye’s leading defense manufacturers, for $471 million following a sale process conducted by the Savings Deposit Insurance Fund (TMSF). The acquisition was completed through a tender held at TMSF’s headquarters in Istanbul. Roketsan was the sole participant in the auction and secured ownership of Assan Group with a bid matching the company’s appraised value of $471 million. Ass…
ROKETSAN acquired ASSAN Group's defense assets for $471 million. The facilities will produce ballistic missile warheads and ammunition.
Defense contractor seized over Gülen links sold to state-run ROKETSAN for nearly $500 mln - Turkish Minute
A Turkish defense contractor seized by the government last year over alleged links to the faith-based Gülen movement and accusations of military espionage has been sold to state-owned missile producer ROKETSAN for $471 million, according to Turkish media reports. ROKETSAN was the only bidder in the auction held Wednesday by Turkey’s Savings Deposit Insurance Fund (TMSF) at its headquarters in İstanbul’s Esentepe district. The company bought the …
ROKETSAN has acquired the entire Assan Group.
Defense contractor seized over Gülen links sold to state-run ROKETSAN for nearly $500 mln - Stockholm Center for Freedom
A Turkish defense contractor seized by the government last year over alleged links to the faith-based Gülen movement and accusations of military espionage has been sold to state-owned missile producer ROKETSAN for $471 million, Turkish Minute reported. ROKETSAN was the only bidder in the auction held Wednesday by Turkey’s Savings Deposit Insurance Fund (TMSF) at its headquarters in İstanbul’s Esentepe district. The company bought the full commer…
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