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Limak Holding A.S. is a Turkish conglomerate, with major interests in construction, energy, cement, and tourism. Its assets include the Limak Cement and Limak Energy companies and the Limak Tourism Group.[2] In 2012 it had around $260m revenue from construction.[3] In May 2013 it was part of a joint venture which won the EUR22bn contract to construct a third international airport in Istanbul.[4] It had previously been part of a joint venture which in 2007 won a 20-year concession to operate Sabiha Gökçen International Airport,[5] and in 2007, together with French firm Aéroport de Lyon, won the concession tender for Pristina International Airport.[6] Other projects include the Yusufeli Dam. In July 2013 it was part of a joint venture which acquired the daily newspaper Akşam, together with TV channel Sky Turk 360
Sky Turk 360
and radio station Alem FM, for TL60m.[7] Limak was launched in 1976 by Sezai Bacaksız and Nihat Özdemir, with Özdemir focussing on cement and energy while Bacaksız focussed on airports and tourism.[8] In December 2013 Nihat Özdemir was among the 41 suspects who were issued arrest orders in the second corruption probe. « Prosecutors also appear to be targeting construction companies involved in some of the government’s showpiece infrastructure projects. Those named in media reports included Nihat Ozdemir, head of Limak group, part of a consortium that won the €22bn tender to build Istanbul’s third airport ».[9] In 2011 Özdemir and Bacaksız were listed as billionaires by Forbes.[10] References[edit]

^ Hurriyet
Hurriyet
Daily News, 19 July 2013, Seized media assets of Turkish group suddenly sold to the winning contractor of Istanbul's 3rd airport ^ Limak Holding, About us ^ Engineering News Record, The Top 225 International Contractors, 2012 ^ Hurriyet, 3 May 2013, Üçüncü havalimanı ihalesini Limak-Cengiz-Mapa-Kolin-Kalyon OGG kazandı ^ Today's Zaman, 11 July 2007, Limak wins airport bid for 1.93 bln euros in 38 rounds ^ Today's Zaman: Kosovo to open to world with Turkish-built airport Archived 2010-08-19 at the Wayback Machine., by Ali Aslan Kiliç, 14 August 2010, Saturday ^ Today's Zaman, 21 July 2013, Gov't asked to explain sale of media group, others ^ Radikal, 18 August 2010, Limak'ın torunları staja başladı ^ Financial Times, 27 December 2013, Turkey
Turkey
crisis inflicts pain on markets ^ Forbes, The World's Billionaires 2011

External links[edit]

Official Website

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