Tosyali in Talks to Buy Stake in BMC Sanayi With Businessman Ethem Sancak - Bloomberg
Tosyali Holding is in talks to buy a stake in a Turkish truck and armored vehicle producer that’s half-owned by Qatar, according to people with knowledge of the matter.
The Turkish steelmaker is negotiating the purchase of shares in BMC Sanayi ve Ticaret AS with businessman Ethem Sancak, who controls 25% of the company, said the people, asking not to be named because the deliberations are confidential.
Qatar Armed Forces Industry Committee holds 49.9% in a special purpose vehicle, Es Mali Yatirim, which controls BMC. The Ozturk family owns the remaining 25.1%.
Tosyali and Sancak declined to comment.
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