Skip to content
News from Turkey

TMSF to Sell “Baklavacı Faruk Güllü” for 223 Million TL

Baklavacı Faruk Güllü

The Savings Deposit Insurance Fund (TMSF) has officially put the renowned Baklavacı Faruk Güllü brand and its corporate assets up for sale. Currently managed by a government-appointed trustee (kayyım), the business will be sold at a major auction under the “Commercial and Economic Integrity” framework, scheduled for April 2026.

This sale marks a significant milestone in the liquidation of assets linked to organizations deemed a threat to national security, specifically those associated with FETÖ/PDY.

Baklavacı Faruk Güllü Auction Details: Prices and Deadlines

The TMSF has established a strategic baseline for the brand, including its production facilities, store network, and intellectual property rights.

  • Starting Bid (Estimated Value): 223 Million TL

  • Guarantee Deposit: 22.3 Million TL (10% of the starting bid)

  • Application Deadline: April 7, 2026, by 16:00.

  • Auction Date: April 8, 2026, at 11:00 at the TMSF headquarters in Esentepe, Istanbul.

What is Included in the Sale?

The buyer will acquire the company Baklavacı Güllüoğlu Gıda Sanayi ve Dış Ticaret AŞ as a complete operational package. The “Economic Integrity” status ensures that the buyer receives:

  1. Production Infrastructure: All factories and machinery.

  2. Retail Network: Current physical store locations and leases.

  3. Intellectual Property: Full rights to the “Faruk Güllü” brand name and associated logos.

  4. Clean Slate: Assets will be transferred free of all previous liens, pledges, or legal encumbrances.

The Selection Process: Strict Vetting

The TMSF has implemented a multi-stage process to ensure the brand moves into reliable hands:

  • The Bidding War: If multiple high bids are received, the process will transition from sealed envelopes to a live open auction.

  • Final Negotiations: If necessary, the top three bidders will enter a final “bargaining phase” on April 10.

  • Security Clearance: The tender strictly prohibits any individuals or entities with documented links to FETÖ/PDY from participating.

  • Inspection Period: Interested investors can access the “Data Room” and tour the facilities between March 18 and April 6.

Summary Table: Investor Quick-Look

Feature Requirement / Detail
Base Price 223,000,000 TL
VAT Rate 20% (To be paid in cash by the winner)
Asset Condition Debt-free and cleared of all seizures
Auction Format Sealed envelope followed by open bidding
Key Location TMSF Esentepe, Istanbul

Related articles