Aksoy Ventures

Founded in 1978, Aksoy Holding (subsequently named as Aksoy Ventures) operates in 5 sectors; (1) Fuel Retail & Lubricants, (2) Power Generation (Conventional & Renewable), (3) High-end Hospitality, (4) High-end Real Estate, and (5) International Trade.

Fuel Retail & Lubricants and Power Generation are the core sectors of Aksoy Holding. These activities are carried out through Turcas Petrol (BIST: TRCAS), its subsidiaries and wholly-owned companies. Turcas, with a history stretching back 90 years, is an oil and energy focused investment company with leading subsidiaries in their sectors:

Turcas’ flagship subsidiary in the Fuel Retail & Lubricants sector; Shell & Turcas Petrol — thanks to a network of ca. 1,100 Shell branded nationwide fuel stations, 12 fuel storage terminals, and a state-of-the-art lubricant blending plant — achieved a turnover of 34.5 Billion TL in 2020. Shell & Turcas, est. in 2006 as a JV company between Royal Dutch Shell and Turcas, is not only a leader of the Turkish fuel retail industry but also ranks amongst the top 10 largest companies of Turkey.

In the field of Conventional Power Generation; Turcas and its partner RWE AG took the 800 MW Denizli Natural Gas Fired Combined Cycle Power Plant into operation in 2013. During 2020, RWE & Turcas achieved a turnover of 1.55 Billion TL.

In the field of Renewable Power Generation; Turcas Kuyucak Geothermal Power Generation, a wholly-owned subsidiary of Turcas, is the owner and operator of the 18 MW Turcas Kuyucak Geothermal Power Plant.

High-end Hospitality & High-end Real Estate are also core (third and fourth) sectors of Aksoy:

Aksoy’s flagship asset in High-end Hospitality is the fully-owned Conrad Istanbul Bosphorus Hotel, one of Turkey’s largest and iconic 5+ star hotels, operated by Hilton since 1992.

Aksoy expanded its High-end Real Estate investments nationwide through penetrating into the ultra-luxurious residential segment of Bodrum in 2013. Following the successful completion of the investment and construction phases, The Ritz-Carlton Residences, Bodrum has become the first-ever standalone residential project of The Ritz-Carlton in Europe, Middle East and Africa.

Aksoy is also active in commercial and industrial real estate through the ownership of Aksoy Plaza in Maslak Istanbul and a number of nationwide fuel station properties under the Aksoy Real Estate Investments subsidiary.

International Trade, fifth business unit under Aksoy , has a special focus on the distribution of branded lubricants in Iraq, Syria, Middle East, North Africa, and more recently in Nigeria/West Africa. Operations in this field are carried out by the wholly-owned Aksoy International as well as joint venture companies; Aksoy Middle East and Aksoy Nigeria.

While continuing to carry out investments, production, exports, distribution, trade and CSR activities with its global partners in various industries, Aksoy Holding has embraced the vision of being one of the most admired, dynamically managed, continuously growing and value creating entrepreneurial investment companies in Turkey.

Aksoy Holding was renamed as Aksoy Girişimcilik Enerji ve Turizm A.Ş. (Aksoy Ventures) following a merger with its wholly-owned subsidiary Aksoy Bodrum Taşınmaz Yatırımları A.Ş. in May 2020. Since then, the company has been carrying out its activities with its new title and under a combined holding structure (functioning as a holding and operational company at the same time).

Aksoy Holding employs ca. 2,000 people directly and 15,000 people indirectly throuıgh its subsidiaries.