October 27 (SeeNews) - Turkey’s Savings Deposit Insurance Fund (TMSF) has decided to offer for sale five companies allegedly linked to the Gulen movement, a group blamed for the coup d'etat attempt in 2016, local media reported.
TMSF is selling plastic products manufacturers Naksan Plastic and Nakpilsa Commercial and Economic Integrity, carpet producers Royal and Atlas, and carpet yarn producer BCF1 for a combined appraised value of 1.881 billion lira ($231 million/196 million euro), Daily Sabah reported on Monday.
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Separately, Naksan Plastic is expected to be valued at 1.126 billion lira in a potential sale, Nakpilsa's value is estimated at 315 million lira, whereas BCF1's estimated value is 87.5 million lira. The combined estimated value for the carpet firms is 353 million lira, according to the report.
Turkey appointed TMSF as trustee to the five firms located in the southeastern city of Gaziantep as well as other companies that were seized over alleged links to the Gulen movement, termed the Gulenist Terrorist Organisation (FETO) by the government. The group was accused by the Turkish government of leading the foiled coup attempt on July 15, 2016.
(1 euro = 9.60844 lira)