Turkish treasury puts Bellona Furniture up for sale with $220M valuation
Exterior of a Bellona Furniture store in Ankara, Türkiye. (Adobe Stock Photo)
Türkiye’s Savings Deposit Insurance Fund (TMSF) has put up for sale 100% of Bellona Furniture, which is owned by the government treasury.
According to an announcement published in the Official Gazette, the estimated value of Bellona Mobilya has been set at ₺7 billion ($220 million). The tender process will involve both sealed bids and an open auction.
To participate in the auction, bidders are required to submit a ₺350 million ($11 million) deposit and submit their bids by May 5 at 4:30 p.m. (local time).
The auction is scheduled to take place on May 6 at 10:00 a.m. at TMSF’s headquarters in Esentepe, Istanbul.
About Bellona Furniture
Founded in 1995, Bellona is one of Türkiye’s renowned furniture manufacturers, operating with over 2,500 employees. According to the company, it currently exports to 123 countries.
Since 2016, the company has been operating under Türkiye’s Savings Deposit Insurance Fund (TMSF).
