Sabancı

from Wikipedia, the free encyclopedia

The Sabancı family is next to the Koç one of the richest Turkish industrial families . Almost all companies in Turkey with the suffix -SA belong to Sabancı Holding . The holding, which is 80% family-owned, consists of 66 companies.

The Sabancı Twin Towers at the entrance to Istanbul's Levent business district in the Beşiktaş district are known for modern Istanbul .

Origin and development

Company founder Hacı Ömer Sabancı (1906–1966), a semi-literate cotton picker from Kayseri , began his career in the cotton trade in Adana in the early 1920s . He benefited indirectly from the genocide against the Armenians , because in Adana Hacı Ömer did not participate directly in the government-sponsored takeover of companies belonging to the displaced or exterminated minorities, but he used contacts to wealthy families from Kayseri for the same purpose. When he was unable to take over a Russian Jew's cotton business, he set up a rival company in the neighborhood. When the compulsory levy that Varlık Vergisi was levied, which was ruinous for the minorities , Ömer was able to take over the competitor. Ultimately, Ömer managed to overturn his partners in this business and to become the founder and main shareholder of a private bank. Ömer later expanded into other industrial sectors, including the cement and food industries. At the same time, Ömer became one of the largest landowners in the region.

When the government began promoting industrial settlements in the 1950s, Ömer invested in the cotton industry. With the help of government loans, he founded BOSSA in 1951 , probably through the mediation of Celâl Bayar on the occasion of his visit to Adana , and with the help of the World Bank . The name goes back to the connection between the founding families Bosnalı and Sabancı. Again Ömer managed to outmaneuver his partner, a wealthy industrial family from Adana. Now the company, which was the sole owner of Bossa, expanded into the banking and insurance sector, as well as into the production of car tires (on the mediation of Turgut Özal ), in order to finally enter the auto industry.

After the company's founder died in 1967, the company, with its highly diversified industries, was transformed into a holding company modeled on the Koç holding , with which Sabancı increasingly competed.

Hacı Ömer Sabancıs son and successor Sakıp Sabancı (1933-2004) was one of the greatest art patrons in Turkey and owned an important collection of Ottoman calligraphy . Most of his art collection can be seen in the Sakıp Sabancı Museum ( Sakıp Sabancı Müzesi ) in Istanbul. In 2008 Bossa went to the Akkardan Group.

Other members of the family are the entrepreneurs Guler Sabancı (* 1955) and Sevil Sabancı (* 1973).

Company investments (selection)

Foundations

Web links

Individual evidence

  1. ^ Ayşe Buğra: State and Business in Modern Turkey. A Comparative Study. SUNY Press, 1994, p. 82. There it says contradictingly: “The founder of this group, Hacı Ömer Sabancı, was a half illiterate villager from the central Anatolian town of Kayseri”. (sic!) Buğra refers to “Forum, June 15, 1957” (dies., note 70, p. 290).
  2. ↑ Uğur Ümit Üngör, Mehmet Polatel: Confiscation and Destruction. The Young Turk Seizure of Armenian Property , Continuum, London-New York 2011, p. 131 calls him a “cotton picker”.
  3. ^ Ayşe Buğra: State and Business in Modern Turkey. A Comparative Study. SUNY Press, 1994, p. 82.
  4. ↑ Uğur Üngör , Mehmet Polatel: Confiscation and Destruction. The Young Turk Seizure of Armenian Property. Bloomsbury Academic, 2011. p. 132.