Ahmet Musul has purchased 37 percent of Ekol shares held since 2010 by Rigond Finance SARL, a subsidiary of the Abu Dhabi-based Invest AD and SBI Holdings Inc of Japan. Previously owning 54.5 percent of the shares in Ekol Lojistik A.Ş., Ahmet Musul, has increased his stake to more than 90 percent following the share transfer. The Turkish Competition Authority has approved the acquisition.
Noting the importance of realizing such a transaction under the current market conditions, Ahmet Musul says: “We thank our former partners, Invest AD and SBI, with whose support the company has undergone tremendous growth since 2010. Now, with the purchase of their shares, our company is once again a company fully owned by Turkish capital. In the coming period, our company will take even more confident steps towards achieving its growth targets.”
Ekol, an integrated logistics company founded in 1990, provides best-in-class international freight, warehousing, domestic distribution, foreign trade, customs, and supply chain management services in 15 countries. With a team of more than 7,500 staff members, the group is providing distribution centers with 1 million square meters of total indoor space in Turkey, Germany, Italy, Greece, France, Ukraine, Bosnia-Herzegovina, Romania, Hungary, Spain, Poland, Czechia, Bulgaria, Slovenia and Sweden. It also facilitates intermodal transportation with the utilization of its two Ro-Ro vessels, 48 block trains per week and 5,500 road transport units.
