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In a significant development within the technical textiles and industrial manufacturing sectors, Natanael Tavit, the Chairman of Dost Group, has officially filed for concordat protection not only for himself but also for three of his affiliated companies. This move aims to facilitate a structured financial reorganization amidst ongoing economic challenges.
According to recent reports, the Bakırköy 1st Commercial Court has granted a temporary halt on seizure and enforcement procedures against these entities, providing a crucial three-month window for restructuring efforts. During this period, all legal actions related to asset seizures and enforcement against the companies have been suspended, allowing the companies to focus on stabilizing their financial positions.
The companies involved include:
The court also appointed a dedicated three-member concordat commissioner team tasked with overseeing the restructuring process to ensure transparency and effective management. The next scheduled hearing is set for September 4, 2025.
Founded with a focus on technical textiles, Dost Group has grown over the years into a diversified enterprise. Its product portfolio now exceeds 700 different items, spanning multiple sectors including automotive, packaging, construction, and jewelry manufacturing. The company has established a strong presence both domestically and internationally, especially renowned for its partnerships with leading global brands and distributors.
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