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Company Description
Haci Omer Sabanci Holdings A. S. Is one of Turkey's largest companies, posting almost $6 billion in sales per year. Sabanci's holdings include some 75 companies--including 13 publicly listed companies--spanning a wide variety of industries. Many of Sanbanci's holdings are in joint-venture with large foreign firms created in the 1980s and 1990s. At the beginning of the new century, however, Sabanci began to reduce its emphasis on partnerships in favor of pursuing its own international expansion. Sabanci Holding is listed on the Istanbul Stock Exchange, although the company remains controlled at 85 percent by the founding Sabanci family. Nonetheless, the family has taken steps to reduce its direct participation in the company and its holdings since the late 1990s, increasingly turning over operational direction to professional managers.