Never mind the politics, feel the quality
Vestel was established in 1983 as part of Polly Peck International plc (PPI) which was run by Cypriot tycoon Asil Nadir. The company played a major role in the development of the Turkish electronics industry. In 1990 18% of the company’s shares were floated on the Istanbul Stock Exchange. Soon afterwards Polly Peck crashed and was placed under the custodianship of Coopers & Lybrand with a mandate to dispose of PPI assets and pay back the company’s creditors and shareholders.
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