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Limak Holding

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Limak Holding
IndustryConstruction, Energy, Media
Founded1976
Headquarters
Turkey Edit this on Wikidata
Key people
Nihat Özdemir[1]
Websitelimak.com.tr

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 2022, it had around $2.5 billion revenue from construction.[3]

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.[4]

Recent history

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In 2013, Limak Holding was part of a joint venture which won the EUR22bn contract to construct a third international airport in Istanbul.[5] The group had previously been part of a joint venture which in 2007 won a 20-year concession to operate Sabiha Gökçen International Airport,[6] and in 2007, together with French firm Aéroport de Lyon, won the concession tender for Pristina International Airport Adem Jashari.[7]

In 2013, it was part of a joint venture which acquired the daily newspaper Akşam, together with TV channel Sky Turk 360 and radio station Alem FM, for TL60m.[8]

In 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 €22 billion tender to build Istanbul’s third airport».[9] In 2011 Özdemir and Bacaksız were listed as billionaires by Forbes.[10]

Via IC İçtaş Energy it is part owner with IC Holding of two coal-fired power stations in Turkey, Kemeköy power station and Yeniköy power station.[11][12] Climate TRACE estimates IC İçtaş Energy’s coal-fired power stations emitted over 5 million tons of the country's total 730 million tons of greenhouse gas in 2022,[13][14] and it has been put on the Urgewald Global Coal Exit List.[15]

Within the scope of the 'Our Love, Our Energy is with You' project, which was started in 2021, the company provided food and water aid to stray animals that had difficulty in finding food due to the cold weather in the winter months.[16]

References

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  1. ^ Alp, Aysel (19 July 2013). "Seized media assets of Turkish group suddenly sold to the winning contractor of Istanbul's 3rd airport". Hurriyet Daily News. Archived from the original on 4 March 2016. Retrieved 30 July 2020.
  2. ^ "About Us". Limak Holding. Retrieved 30 July 2020.
  3. ^ Alp, Aysel (19 July 2013). "The Top 225 International Contractors, 2012". Engineering News Record. Archived from the original on 22 January 2013. Retrieved 30 July 2020.
  4. ^ Ozkan, Funda (18 August 2013). "Limak'ın torunları staja başladı". Radikal (in Turkish). Retrieved 30 July 2020.
  5. ^ "Üçüncü havalimanı ihalesini Limak-Cengiz-Mapa-Kolin-Kalyon OGG kazandı". Hurriyet Daily News (in Turkish). 3 March 2013. Retrieved 30 July 2020.
  6. ^ "Limak wins airport bid for 1.93 bln euros in 38 rounds". Today's Zaman. 11 July 2007. Retrieved 30 July 2020.
  7. ^ Kiliç, Ali Aslan (14 August 2010). "Kosovo to open to world with Turkish-built airport". Today's Zaman. Archived from the original on 19 August 2010. Retrieved 30 July 2020.
  8. ^ "Gov't asked to explain sale of media group, others". Today's Zaman. 21 July 2013. Archived from the original on 22 July 2013. Retrieved 30 July 2020.
  9. ^ Strauss, Delphine; Finkel, Andrew (28 December 2013). "Turkey crisis inflicts pain on markets". Financial Times. Retrieved 30 July 2020.
  10. ^ "The World's Billionaires 2011". Forbes. October 2011. Archived from the original on 9 March 2012. Retrieved 30 July 2020.
  11. ^ "KEMERKÖY TEPP". www.icholding.com.tr. Retrieved 2021-09-10.
  12. ^ "Akbelen Ormanı eylemcileri: 'Vicdanı olan hiç kimse bu ormanın kesilmesine onay vermez'". BBC News Türkçe (in Turkish). Retrieved 2021-09-10.
  13. ^ "Explore Map - Climate TRACE". climatetrace.org. Retrieved 2024-03-19.
  14. ^ "Explore Map - Climate TRACE". climatetrace.org. Retrieved 2024-03-19.
  15. ^ "Explore the Data". coalexit.org. 2023.
  16. ^ Gazete, Banka (23 November 2021). "Limak, sokak hayvanlarını kara kışta unutmadı". Gazete Banka. p. https://gazetebanka.com/. Retrieved 23 November 2021.
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