Eti Bakir Anonim Şirketi

Eti Bakir Anonim Şirketi

Eti Bakir Anonim Şirketi is a mining company operating under the Turkish conglomerate Cengiz Holding. ​Eti Bakır was incorporated into Cengiz Holding within the scope of a privatisation initiative in 2004. The Board of Directors, under the chairmanship of Mehmet Cengiz, includes Ekrem Cengiz, Şeref Cengiz and Ali Cengiz.

Cengiz operates in the energy, mining, tourism, aviation, insurance, construction, and services sectors.

Cengiz İnşaat, a subsidiary of Cengiz Holding, was involved in the construction of several sections of a highway in Bosnia and Herzegovina. Since 2012, the company has faced lawsuits for failing to ensure worker safety. Second instance verdicts determined that the company neglected crucial measures concerning occupational safety in the country. Cengiz was similarly criticised for multiple fatal work accidents in Turkey.

In Bosnia the company owns Simurg Media through which it owns the weekly Stav and an online media Faktor.ba.

Key facts

Mother Company

Cengiz Holding

Business Form

Private

Legal Form

Corporations

Business Sectors

Energy # Mining # Tourism # Aviation # Insurance # Construction # Services

Ownership

Individual Owner

Media Outlets
Other Media Outlets

Other Online Outlets

Faktor.ba

Facts

Media Business

Newspaper publishing

Simurg media (100%)

Business

Construction

Cengiz İnşaat (Turkey)

Energy

Cengiz Enerji (Turkey)

Mining

Eti Bakir (Turkey)

Aluminium

Eti Aluminyum (Turkey)

Tourism

Cengiz Turizm (Turkey)

Aviation

Cengiz Aviation, Inc. (Turkey)

Insurance

Cengizler Insurance (Turkey)

General Information

Founding Year

Mehmet Cengiz | founder of Eti Bakir Anonim Şirketi, is a businessman and Chairman of the Board of Directors of Cengiz Holding, a Turkish conglomerate established in 1980. With 35 subsidiaries, Cengiz Holding operates in the energy, mining, tourism, aviat

Affiliated Interests Founder

Mehmet Cengiz

founder of Eti Bakir Anonim Şirketi, is a businessman and Chairman of the Board of Directors of Cengiz Holding, a Turkish conglomerate established in 1980. With 35 subsidiaries, Cengiz Holding operates in the energy, mining, tourism, aviation, insurance, construction, and service sectors. Mehmet Cengiz co-founded the company with his brother Ekrem Cengiz, who serves as a board member, alongside Şeref Cengiz and Asım Cengiz.
Mehmet Cengiz is considered to have close ties with the Turkish government and has been criticized by independent Turkish media for the manner in which his company has secured public tenders and its alignment with the ruling party.
Cengiz İnşaat, a subsidiary of Cengiz Holding, was involved in the construction of several sections of highway in Bosnia and Herzegovina. Since 2012, the company has faced lawsuits for failing to ensure worker safety. Second instance verdicts determined that the company neglected crucial measures concerning occupational safety in the country. Cengiz was similarly criticized for multiple fatal work accidents in Turkey.
Eti Bakir Anonim Şirketi, a company incorporated into Cengiz Holding, owns Simurg Media, the publisher of the STAV weekly magazine and Faktor.ba portal in BiH.

Employees

Missing data

Contact

Adress: Asikoyu Mevkii, Küre / Kastamonu, 38000 Türkiye

Tel: ​​+90 (366) 751 20 04 (Pbx)

Website: etibakir.com.tr

Tax/ ID Number

3810072176

Financial Information

Revenue (Financial Data/ Optional)

1.26 mln USD / 2.18 mln BAM

Operating Profit (in Mill. $)

14.319 USD / 24.701 BAM

Advertising (in % of total funding)

Missing data

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Meta Data

STAV did not respond to the questionnaire sent in August 2023 nor to the subsequent reminder. They instructed us to look for answers in publicly available sources. The basic financial data, sourced from the state Financial Intelligence Agency, is from 2021 and refers to the entirety of Simurg Media d.o.o., not specifically to the STAV outlet. The amounts have been converted into USD using the Central Bank's average exchange rate for December 31, 2021. The ownership data was obtained through a FOI request to the responsible municipal court.

  • Project by
    BIRN LOGO
  •  
    Global Media Registry
  •  
    Funded by European Union