Ziraat Portfoy to acquire 30% stake in TUM Yonetim Kiralama Ve İsletme Hizmetleri from Kalyon Holding.

Ziraat Portfoy, a private equity fund, agreed to acquire 30% stake in TUM Yonetim Kiralama Ve İsletme Hizmetleri, a manager of food and beverage area in Istanbul Airport, from Kalyon Holding, a civil engineering company. Financial terms are not disclosed. “In addition to being a strategic hub located in the center of the geography, IGA Istanbul Airport is an exemplary gastronomy center in the world with its strong brand mix and operational scale. This new partnership structure will further strengthen TUM Yonetim Kiralama Ve İsletme Hizmetleri's growth potential and accelerate our success in the global arena. As TUM Yonetim Kiralama Ve İsletme Hizmetleri, while continuing our growth goals based on innovation and quality, we aim to provide a stronger value to our brands and passengers with the contribution of Element GSYF. This investment is an important milestone in our strategic roadmap,” Sadettin Cesur, TUM Yonetim Kiralama Ve İsletme Hizmetleri CEO.