Turkey’s Leading Fuel Company Goes Up for Sale: Foreign Firm Enters Negotiation Talks / Vezir Agency

Zeren Group Initiates Re-negotiations for Alpet Share Transfer

In a significant development within Turkey's fuel distribution industry, Zeren Group has commenced new negotiations aimed at transferring its remaining shares of Alpet to Mount Private Capital. This move follows an earlier agreement established in March concerning Alpet’s 49% stake, signaling a potential shift toward full foreign ownership pending successful negotiations.

Sources close to the matter indicate that if these negotiations reach a favorable conclusion, Alpet will be entirely controlled by foreign investors. This change would mark a notable milestone, as the company currently operates over 300 gas stations across Turkey, a substantial network in the national fuel retail market.

Implications of the Deal and Market Context

The prospective sale underscores a broader trend of increasing foreign investment within Turkey's energy sector. The transfer of Alpet’s shares would consolidate foreign influence in a sector traditionally dominated by local companies, raising questions about market dynamics and competition.

Interestingly, Zeren Group previously attempted to acquire TP Petrol Distribution Inc. last year, but that deal was abruptly canceled at the final stage. This history highlights the group's ongoing strategic interest in expanding its footprint in the fuel distribution network.

Additional Notes

This article, translated and reviewed with the support of artificial intelligence, aims to provide a comprehensive overview of Zeren Group's recent activities in the energy sector. For further details, please refer to our Terms and Conditions section. Content provided by Vezir Agency.