With its tall ancient trees and exquisite lawns studded with marble antiques, the Nakkastepe headquarters of Koc Holdings look like an Ottoman aristocratic home from which the lord of the manor is absent on a prolonged journey. Situated on a tall hill on the Asian side of Istanbul, far from the madding crowds of Europe’s noisiest city, the walled compound exudes an old-world peace.
But Koc’s abrupt cancellation of its $250 million global equity offering suggests that all is not as serene as it looks in the Koc empire.
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