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Sabancı Holding: History and Subsidiaries

Sabancı Holding: History and Subsidiaries

Sabancı Holding is one of the largest industrial and financial conglomerates in Turkey, headquartered in Istanbul. The company was officially founded in 1967 and is known as part of the economic empire owned by the Sabancı family, one of the most influential families in Turkey. The roots of the group, however, began much earlier, when Hacı Ömer Sabancı started developing the family business in the early 20th century, particularly in the cotton trade sector in the Adana region of Turkey. These roots laid the foundation for Sabancı Holding as a diversified conglomerate with activities across many sectors, including finance, energy, retail, cement, and industry.

Main sectors Sabancı Holding operates in

Financial Sector: Akbank is one of the largest banks in Turkey and a key asset in the group. It offers a wide range of financial and banking services.

Energy: Sabancı Holding has significant investments in the energy sector, participating in electricity production and distribution through companies like Enerjisa.

Cement: The group is one of the largest cement producers in Turkey through companies such as Çimsa and Akçansa, which produce and distribute cement and related products.

Retail: The company manages several brands in the retail sector, including Teknosa in electronics retail and Carrefoursa in the supermarket sector in partnership with the French Carrefour Group.

Industry: Industrial activities also include tire production, chemicals, and manufacturing through partnerships with international companies.

Sabancı Foundation (Sabancı Vakfı): It is one of the largest charitable foundations in Turkey, focusing on supporting education, health, culture, social programs, and research.

Sabancı Holding is a major economic entity in Turkey with a strong presence in international markets. Thanks to its diverse investments and industrial and financial strategies, the company has managed to grow and expand over decades. It cooperates with many global companies, enhancing its position in the international market and allowing it to adopt the latest technologies and practices across various sectors.

Founders and leaders of Sabancı Holding

Hacı Ömer Sabancı: He founded the group in the early 20th century. Born in 1906 in a small village called Akçakaya in Kayseri, Hacı Ömer Sabancı married Sadıka in 1928 and had six sons: İhsan, Sabri, Hacı, Şevket, Erol, and Özdemir. In 1943, Hacı Ömer became a partner in the company Yağsa, and in 1946, he acquired the company Marsa with his friends. Due to his creative vision and efforts, he established many subsequent companies such as Akbank, Bossa Flour and Cotton Ginning, Bossa Textile Factory, Oralista, and Ak Sigorta. In 1951, he purchased the Atlı Mansion and began moving with his family to Istanbul, where he managed the business until his death in 1966.

Sakıp Sabancı: After the death of Hacı Ömer Sabancı, his son Sakıp Sabancı took on a leading role within the group. He was known for his leadership qualities and played a significant role in expanding and diversifying the group's businesses. He continued to influence the group until his death in 2004.

Güler Sabancı: After Sakıp Sabancı's death, Güler Sabancı became the Chairperson of Sabancı Holding in 2004. One of the granddaughters of Hacı Ömer Sabancı, she is considered one of the most powerful women in business in Turkey. She continues to lead the group up to the present date in 2024.

Key subsidiaries of Sabancı Holding

Sabancı Holding owns a wide array of subsidiaries operating in various economic sectors. Among the most important are:

Akbank: One of the largest banks in Turkey and a cornerstone of the group, it offers a range of banking and financial services.

Enerjisa: A company in the energy sector, providing electricity generation and distribution services, and a leading player in Turkey's energy sector.

Çimsa: A leading cement production company in Turkey, exporting its products to many countries.

- Kordsa: Specializes in producing tire reinforcement materials and industrial textiles, with a global presence in this field.

Brisa: Operates in tire manufacturing in partnership with Japan's Bridgestone Group.

Carrefoursa: A joint venture with the French Carrefour Group, operating in the retail sector through a series of supermarkets and retail stores.

Teknosa: A consumer electronics retail chain, noted as a leading company in this sector in Turkey.

Aksigorta: Operates in the insurance sector, offering a wide range of insurance products.

Temsa: Specializes in bus and truck manufacturing, with a presence in European and global markets

Yünsa: One of Europe's largest textile producers, producing high-quality fabrics.

SabancıDx: The technology and digital transformation arm of the group, providing IT services and digital business solutions.

Tursa: Works in the tourism and property management sector, providing hospitality and tourism facilities services.

Sasa: Operates in the chemical and petrochemical products industry, including synthetic fibers and plastics.

Avivasa Emeklilik ve Hayat A.Ş.: Works in life insurance and pension services, a joint venture between Sabancı Holding and British insurance company Aviva.

Philsa and PMSA: Joint ventures with Philip Morris International for manufacturing and selling tobacco products in Turkey.

Sabancı Holding - Club: Specializes in real estate asset management or providing hospitality and entertainment services.

Betonsa: Specializes in concrete and concrete product manufacturing, part of the group's building materials sector.

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