September 9 (SeeNews) - Turkish motor vehicle importer Dogus Otomotiv Servis ve Ticaret [BIST:DOAS] said it has sold its 16.80% stake in local vehicle inspection station operator Tuvturk Istanbul Tasit Muayene Istasyonlari Isletim for 38 million Turkish lira ($19 million/14 million euro).
Tuvturk Kuzey Tasit Muayene Istasyonlari Yapim ve Isletim A.S. and Tuvturk Guney Tasit Muayene Istasyonlari Yapim ve Isletim A.S. have acquired the stake in Tuvturk Istanbul, Dogus Otomotiv said in a bourse filing on Friday.
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Dogus Otomotiv holds a 33% stake in each of the buyers.
(1 euro = 2.692 Turkish lira)