Kordsa

About Kordsa

Haci Ömer Sabanci is one of Turkey's largest industrial and financial conglomerates with interests in the energy, banking, retail, cement, tire and automotive, and other industries. Its primary holding is a 40% stake in Turkish banking firm Akbank, which provides commercial, retail, and private banking as well as investment and foreign trade services. Other holdings include a 50% stake in domestic energy company Enerjisa and supermarket operator Carrefoursa. Sabanci's portfolio spans some 20 countries in Europe, Africa, Asia, and the Americas. The company has several partnerships with multinationals such as Bridgestone, International Paper, and Philip Morris. The wealthy Sabanci family owns 60% of the company. Sabanci has over the years increased its focus on its core businesses, including energy and retail. It has invested in Enerjisa's continued growth, buying new gas, wind, and hydroelectric plants for the unit. The group's retail venture with Carrefour has also grown, with more than 150 supermarkets serving more than 90 million customers annually. On the other hand, Sabanci sold its stake in the Toyotasa automobile distribution venture and spun off noncore units of Akbank during 2009.