TMSF initiates the sale of Bellona

The Savings Deposit Insurance Fund (TMSF) has initiated the auction process for the sale of Bellona Furniture. The upset price for the auction has been set at 7 billion lira. In accordance with the announcement published in the Official Gazette, the 100 percent shares of Bellona Furniture owned by the Treasury will be offered for sale through a combination of closed bid and open auction methods. While the upset price for the auction is set at 7 billion lira, the participation deposit is 350 million lira, the specification fee is 200 thousand lira, and the data examination and facility visit fee is announced as 500 thousand lira. Investors will be able to conduct data examinations and facility visits between March 17, 2025, and May 2, 2025. The deadline for submitting final bids is set for May 5, 2025. The bids received within the scope of the auction will be opened by the Auction Commission on May 6, 2025, at 10:00 AM. Following the sealed envelope bids, the auction will proceed to the open bidding phase.