Army advances on the investment front

Army advances on the investment front

Headline: Army advances on the investment frontSource: EuromoneyDate: November 2001 Caner Oner One of the best-kept secrets of the Turkish army is that it controls one of the country’s largest conglomerates. Oyak, the armed forces pension fund, operates as a holding company for investments in 26 companies, including joint ventures with […]

Headline: Army advances on the investment front
Source: Euromoney
Date: November 2001







Caner Oner

One of the best-kept secrets of the Turkish army is that it controls one of the country’s largest conglomerates. Oyak, the armed forces pension fund, operates as a holding company for investments in 26 companies, including joint ventures with such multinationals as Renault, Axa, Elf and Goodyear. Many Oyak ventures are household names in Turkey but even locally few people know that they are part of the military’s commercial empire.

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Army advances on the investment front

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