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Keskinoğlu Poultry and breeding companies Sanayi Ticaret A.Ş. All its shares have been officially transferred to public banks.
The record of the decision on the transfer of all company shares registered with the Akhisar Chamber of Commerce and Industry in Manisa to Halkbank, Ziraat Bank and Vakıfbank of the Keskinoğlu family was published in the Commercial Register Gazette on October 13 2020.
With the economic crisis of 2018 and 2019, many companies were unable to pay their debts and requested a concordat in court, and Keskinoğlu became one of the symbolic companies of the time.
41.77 PERCENT OF THE SHARE IS NOW IN VAKIFBANK
Founded in 1963, 41.77 percent of the shares in the company with a capital of TL 110 million were owned by Vakıfbank, 32.60 percent by Ziraat Bank and 25.63 percent by Halkbank.
Ali Çağlar, one of Vakıfbank’s executives, took over as chairman of the company’s board of directors in place of Mehmet Keskinoğlu.
Gazi Hasan Özer, one of the directors of Halkbank, and Süleyman Yalçın, one of the executives of Ziraat Bank, were also appointed as the other members of the company’s board of directors.
Taken from Ziraat Bank’s balance sheet for the third quarter of 2020.
PRESENTED TO THE ZIRAAT BALANCE SHEET
Keskinoğlu Poultry has also entered Ziraat Bank’s third quarter balance sheet.
On the balance sheet, the 32.60 percent stake of Keskinoğlu Tavukçuluk ve Damız İşletmeleri Sanayi Ticaret A.Ş.
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INCOME IN 2019 TL 737 MILLION
The company, with 2019 production worth 737 million in sales figures from Turkey’s Top 500 Industrial Organizations (ISO 500), was ranked 325th on the list.
The company had previously risen to 79th place on the ISO 500 in 2014, and achieved a turnover of TL 1 billion 150 million in 2016.
IT WILL START PAYING DEBTS IN 2022
In June 2018, the company applied to Akhisar Civil First Instance Court 1 for protection against creditors, as it was unable to refinance its debts.
Although the court approved the company’s concordat project in its decision of August 25, 2020, it ruled that there will be no payment to creditors until August 25, 2022. It was decided that 10 percent of the debt would be paid. on August 26, 2022, 20 percent on August 26, 2023, 30 percent on August 26, 2024, and the remaining 40 percent on August 26, 2025.
REQUESTED HELP FROM OLD EMPLOYER ERDOĞAN
Mehmet Keskinoğlu, the former head of the company, stepped out of the guards before the rally held at Akhisar Stadium on May 28, 2018, addressed President Tayyip Erdoğan and handed him a note.
Keskinoğlu made a statement to Sozcu.com.tr at his factory in Otherhar, saying that the newspaper contained an article describing the current situation of the company and that he expected help from President Erdoğan.
After the work delivered on May 28, the company announced on June 12 that it had made a concordat request.
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