Koç Holding, an industrial conglomerate, agreed to acquire Stellantis Otomotiv Pazarlama, the Stellantis Türkiye distribution company from Stellantis, an automaker and a mobility provider. Financial terms were not disclosed. “We are resolved to continue to play our part in healing the wounds of Türkiye’s 6th February earthquake disaster as we try to recover from the pain caused by the event. As Koç Group, we have a strong commitment to invest in our country, believing that the new agreement will also help to overcome this difficult period. This strategic investment, combined with Tofaş’s production volume, export performance and R&D capabilities, is taking the company to new heights in the automotive industry. As the leading automotive company in Türkiye, Tofaş will further expand its goals and strengthen its credentials with this new investment. The agreement is yet another confirmation of the Koç Group's and our partner's strong belief in our country at this difficult time. We will continue to do our best to increase the competitiveness of Türkiye in the automotive industry through the added value that will be generated,” Levent Çakıroğlu, Koç Holding CEO.