Garanti Bank M&a

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DOGUS Holding: Traces its origins to the 1951 founding of a local construction business in Turkey “Dogus Insaat” by Ayhan Sahenk who then diversified into a number of industries including tourism, food processing, financial services, and automotive industry. By 1975 the Dogus Group was established as a holding company to manage the diversified businesses. Ayhan Sahenk handed the CEO position to his son Ferit Sahenk in 1999 after the group became one of the top three private sector entities operating in Turkey. With the demise of Ayhan in 2001, Ferit took over the group as Chairman. Dogus Group Evolutionary Milestones Period Action 1951 Construction Business Established “Dogus Insaat” 1960’s-70’s Entered the following businesses • Tourism • Food Processing • Financial Services 1975 Established Dogus Holding to manage diversified activities 1980’s 1983- Acquired Garanti Bank Entered the Automotive import & distribution business 1990’s Expansion through Acquisitions: • 1994 Osmanli Bank (Ottoman empire central bank) • Insurance Company • Investment Bank • Brokerage firm • NTV (Turkish news only TV Chanel) • Supermarket Chain “Tansas” Dogus group grew to be one of Turkey’s leading conglomerates; by 2005 Dogus managed 77 companies under 6 major lines of business. In addition to the large number of acquisitions Dogus went in to a number partnership with international names with the target of strengthening the group’s position in Turkey as well as open opportunities for regional expansion, such as MS-NBC, Scania, Volkswagen, AGF, and Barilla. Dogus Group’s leading sector was the financial services which witnessed a number of acquisitions, the most prominent being Garanti bank that became the Dogus group flagship. The group acquired a number of financial businesses and banks which were folded under the Garanti Bank umbrella positioning it as a

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