Founded in 1978, Aksoy Holding operates in four sectors; Oil & Energy, Tourism & Real Estate and International Trade.
Aksoy Holding carries its Oil & Energy activities via Turcas Petrol (BIST: TRCAS) and its subsidiaries. Turcas Petrol, with a history stretching back 84 years, is an oil and energy focused investment company that has subsidiaries holding leading positions in their sectors. Shell & Turcas Petrol, Turcas’ subsidiary in the fuel distribution and lubricants market operating a network of 1,050 Shell branded service stations nationwide, owning storage terminals, lubricants production and marketing activities, and a 2014 turnover of 16.5 billion TL, is not only a leader of its sector but also one of the largest enterprises of the Turkish economy. In the field of energy, Turcas and its German partner RWE commenced the 775 MW Denizli Natural Gas Combined Cycle Power Plant thanks to the 600 Million € invested through their joint venture. Denizli Power Plant is capable of meeting 2% of Turkey’s power demand. Besides conventional energy, Turcas is diversifying its asset portfolio through geothermal energy investments by virtue of the licenses it possesses in Aydın, Denizli, and Manisa.
Tourism & Real Estate is the second core sector of Aksoy Holding. The group which owns the Conrad Istanbul Bosphorus, Istanbul’s largest 5+ star hotel operated by Hilton, is now engaged in new real estate investments through subsidiaries Aksoy Bodrum Real Estate Investments, Aksoy Maslak Real Estate Investments, and Aksoy Petrol Real Estate Investments.
The third business unit of Aksoy Holding is International Trade with a special focus on Iraq and Azerbaijan. Operations in this business unit are carried out by Aksoy International, Aksoy Middle East, and Aksoy Iraq subsidiaries.
While continuing to carry out investments, production, exports, distribution and trade with its global partners in various industries, Aksoy Holding has embraced the vision of being one of the most admired, dynamically managed, continually growing and value creating investment companies in Turkey.
According to the consolidated financials of Aksoy Holding, Group’s total assets reached 1.86 Billion TL and shareholders’ equity exceeded 985 Million TL by 2014-end while employing ca. 1,080 people.