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Private Bank For Sale

Location  Turkey
Asking Price Range  > $35.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1984
Number of Employees  > 200
Relocatable  Not Disclosed
Number of Employees  > 200
Real Estate  Owned
Description  Turkish government is gonna place an auction for a bank (insured by Turkish Government) by June 23rd. My client is a well respected businessman in Istanbul and he is willing to have a partnership to buy this bank from the government few years ago because of some banking scandals, government took over some businesses and this bank is one of them, over $7M real estate value, also $20M cash which is gonna be released when the sale is over, with the new regulations it costs over $50M just to get the permits and licences to open up a bank in Turkey. Mr. Can Pekcan was born in 1965 in Istanbul and he is still living in Istanbul. He is married with 3 children. He has several companies working in different business sectors. Main sectors that he is working are: TEXTILE, MINING & CONSTRUCTION, AUTOMOTIVE, MEDIA and FACTORING (He has a personal factoring company). My client owns a real great amount of real estate including over 60 houses, flats, lands and buildings in Istanbul and Bodrum.He also has some other investments in different cities of Turkey. Some are: - Detergant and Chemical Factory in Omer Sabanci Organased Industry Area in ADANA. - Leather Yard in TUZLA, ISTANBUL. Contact for more information on this Bank for sale.
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