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Simit Sarayi clarified the relationship with Ziraat Girisim

11 February 20201 min reading

"Simit Sarayi and its partners will continue to grow, produce and contribute to the Turkish economy with jobs and the added value it creates in 2020", CEO Abdullah Kavukcu said.

Kavukcu made a statement about controversial share transfer deal negotiations with Ziraat GYSO: "Today, venture-capital trust funds are important ways for companies to grow. Simit Sarayi has always paid importance to remain a locally owned company. Negotiations with Ziraat GYSO were in this scope. Application to the Competition Authority for share transfer was made by Simit Sarayi but a partnership deal could not be achieved.

Simit Sarayi continues its investments in 25 countries including Turkey. Simit Sarayi and its partners will continue to grow, produce and contribute to the Turkish economy with jobs and the added value it creates in 2020. 150 more restaurants will start its operations soon and more restaurants will follow them in the future. As I stated before, our company's debt is not 500 million dollars or so. We don't owe banks even one-third of this figure.”

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