{"id":32890,"date":"2019-08-28T13:41:14","date_gmt":"2019-08-28T10:41:14","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=32890"},"modified":"2019-09-03T12:55:34","modified_gmt":"2019-09-03T09:55:34","slug":"sabanci-yunsa-surmegoz-tekstil-sale","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/sabanci-yunsa-surmegoz-tekstil-sale\/","title":{"rendered":"Sabanc\u0131 Sells Y\u00fcnsa to S\u00fcrmeg\u00f6z Tekstil for 70 Million TL"},"content":{"rendered":"<figure id=\"attachment_32887\" aria-describedby=\"caption-attachment-32887\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-32887 size-full\" src=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/08\/yunsa-detail.jpg\" alt=\"Sabanc\u0131 Sells Y\u00fcnsa to S\u00fcrmeg\u00f6z Tekstil for 70 Million TL\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/08\/yunsa-detail.jpg 1200w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/08\/yunsa-detail-768x432.jpg 768w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2019\/08\/yunsa-detail-696x392.jpg 696w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-32887\" class=\"wp-caption-text\">Sabanc\u0131 Sells Y\u00fcnsa to S\u00fcrmeg\u00f6z Tekstil for 70 Million TL<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">A Sabanc\u0131 Holding subsidiary, and one of Turkey&#8217;s and Europe&#8217;s largest wool fabric manufacturer Y\u00fcnsa was sold to S\u00fcrmeg\u00f6z Tekstil. In a statement to Borsa \u0130stanbul, the sale price of the entire 57,88% stake held by Sabanc\u0131 was stated as TL 70 million. Sabanc\u0131 Holding, which recently sold 41% of their shares in Temsa \u0130\u015f Makinalar\u0131 to their partner Japanese Marubeni, continued this process with the sale of Y\u00fcnsa.<\/p>\n<p style=\"text-align: justify;\">After the Company announced the announcement of the <a href=\"https:\/\/www.textilegence.com\/en\/category\/topical\/\" target=\"_blank\" rel=\"noopener noreferrer\">sale<\/a> of <a href=\"https:\/\/www.yunsa.com\/#2\" target=\"_blank\" rel=\"noopener noreferrer\">Yunsa<\/a> to the Public Disclosure Platform (KAP) on 26 August, the Company informed the Stock Exchange that the sale took place on 27 August. In the statement made by Sabanc\u0131 Holding to the stock exchange regarding the sale of Y\u00fcnsa, it was stated that;<\/p>\n<p style=\"text-align: justify;\">\u201cShare transfer agreement regarding the sale of all our shares representing the 57,88% of partnership capital at one of our subsidiaries Y\u00fcnsa Y\u00fcnl\u00fc Sanayi ve Ticaret A.\u015e. with a nominal value of 16.878.507,00 TL to S\u00fcrmeg\u00f6z Tekstil Yat\u0131r\u0131m A.\u015e. was signed on August 27, 2019.<\/p>\n<p style=\"text-align: justify;\">According to the share transfer agreement, the transfer price of the 57.88% shares owned by our Company in Y\u00fcnsa Y\u00fcnl\u00fc Sanayi ve Ticaret A.\u015e. is 69.458.876.54 TL. The share transfer price has been determined by bargaining method. The transfer of the shares shall be carried out after permissions are obtained from the relevant authorities. There is no direct or indirect relationship between us and the receiving company in terms of audit and capital.\u201d<\/p>\n<h2 style=\"text-align: justify;\"><strong>First Bossa, now Y\u00fcnsa, Kordsa continues on<\/strong><\/h2>\n<p style=\"text-align: justify;\">In the past, textile was an important business line within Sabanc\u0131 Holding. Bossa was established in 1955 for different segments in the textile industry, Y\u00fcnsa in 1973 and Kordsa in the same year. Sabanc\u0131 Holding, which sold Bossa in 2008, continues its journey in the textile industry with Kordsa, which specializes in technical textiles, following the sale of Y\u00fcnsa.<\/p>\n<p style=\"text-align: justify;\">Established in 1973, Y\u00fcnsa is Europe&#8217;s largest integrated manufacturer of wool fabrics; and one of the five largest top-segment wool fabric manufacturers in the world. Y\u00fcnsa started off with the production of woolen woven fabrics for men&#8217;s clothing; and added women&#8217;s clothing to their product portfolio in 1998. Y\u00fcnsa, which produces their own yarn in their integrated facility; dominates that segment with their 12,5 million meter fabric weaving capacity; as well as its worsted yarn capacity of 4,500 tons per year.<\/p>\n<p style=\"text-align: justify;\">Presenting their products to more than 400 customers globally; Y\u00fcnsa doubled their net profit in 2018 and generated 28 million TL. In the first half of 2019, the company achieved 32% growth in turnover; and 69% of this turnover came from exports. Accounted for 70% of Turkey&#8217;s woolen textile exports alone, Y\u00fcnsa owns 5% of the total fabric market the world. Having offices in Germany, Italy and the UK, Y\u00fcnsa continues to work with agents in; Spain, France, the Czech Republic, Serbia, Canada, Russia, Japan, Korea, Slovakia and Italy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Sabanc\u0131 Holding subsidiary, and one of Turkey&#8217;s and Europe&#8217;s largest wool fabric manufacturer Y\u00fcnsa was sold to S\u00fcrmeg\u00f6z Tekstil. In a statement to Borsa \u0130stanbul, the sale price of the entire 57,88% stake held by Sabanc\u0131 was stated as TL 70 million. Sabanc\u0131 Holding, which recently sold 41% of their shares in Temsa \u0130\u015f [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":32885,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[11750,11277],"class_list":{"0":"post-32890","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-surmegoz-tekstil-en","9":"tag-yunsa"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sabanc\u0131 Sells Y\u00fcnsa to S\u00fcrmeg\u00f6z Tekstil for 70 Million TL - Textilegence<\/title>\n<meta name=\"description\" content=\"A Sabanc\u0131 Holding subsidiary, and one of Turkey&#039;s and Europe&#039;s largest wool fabric manufacturer Y\u00fcnsa was sold to S\u00fcrmeg\u00f6z Tekstil. 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It focuses on the textile industry and sub-segments. The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.\",\"email\":\"editor@textilegence.com\",\"telephone\":\"+90 212 442 24 12\",\"legalName\":\"Textilegence Mag and Digital Platform\",\"foundingDate\":\"2013-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1\",\"maxValue\":\"10\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/1c3977109f8a6e1e2b95678836d75cb7\",\"name\":\"Fatih Cengiarslan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/fatih-cengiarslan.jpg\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/fatih-cengiarslan.jpg\",\"contentUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/fatih-cengiarslan.jpg\",\"caption\":\"Fatih Cengiarslan\"},\"description\":\"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. 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It focuses on the textile industry and sub-segments. The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.","email":"editor@textilegence.com","telephone":"+90 212 442 24 12","legalName":"Textilegence Mag and Digital Platform","foundingDate":"2013-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.textilegence.com\/en\/#\/schema\/person\/1c3977109f8a6e1e2b95678836d75cb7","name":"Fatih Cengiarslan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","url":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","contentUrl":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","caption":"Fatih Cengiarslan"},"description":"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. Daha sonra Eski\u015fehir Anadolu \u00dcniversitesi girerek \u0130\u015fletme Fak\u00fcltesini ba\u015far\u0131yla tamamlad\u0131. 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