Mehmet Göçmen

Sabancı Holding, a prominent Turkish conglomerate, saw its consolidated sales increase 11 percent to 19.2 billion Turkish Liras (around $5.45 billion) year-on-year in the first half of 2017, the business said on Aug. 18.        

The head of Sabancı Holding has said the company's shares are currently trading at a discount of around 40 percent, and its priority is to increase this share value to an acceptable level, Reuters has reported. 

Speaking at a press conference in Istanbul on May 23, Sabancı Holding CEO Mehmet Göçmen said the company would apply a new management model by this summer. 

Turkey's Sabanc? Holding plans to sell a minority stake in the electricity distribution and energy retail businesses of its Enerjisa subsidiary to cut debt ahead of Enerjisa's initial public offering, a senior executive said on April 5.

Turkey's Enerjisa, a joint venture between Sabanc? Holding and Germany's E.ON , plans to sell three hydroelectric power plants to rationalize its portfolio and cut debt, and has appointed bankers to manage the sale, three banking sources said.