OYAK

AcronymDefinition
OYAKOrdu Yardýmlaþma Kurumu (Turkish: Armed Forces Pension Fund)
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Although diluted and delayed until 2010, an audit of all military assets and procurements was carried out--with the exception of OYAK.
With its strong understanding of Almatis' customer needs, the market opportunities and challenges, OYAK is well placed to foster Almatis' continuous development, pursuing its long-term strategy.
74) Now, the military's intervention in Turkish society includes both political practice and an increasingly significant involvement in processes of accumulation through its economic wing, OYAK.
OYAK also has assets of benefit to its more than 230,000 serving and retired military officers, including exclusive resorts and the Zirvekent housing development in Ankara, in addition to a $27 billion savings fund that distributes regular dividends.
Treasury bills dominate, but Turkish Treasury borrowing is concentrated in one-year or less maturities, explains Cem Karakas, a Massachusetts Institute of Technology (MIT) graduate and the president of OYAK Konut Insaat (OYAK's land-development subsidiary) in Istanbul.
In studies drawing attention to the army as the central figure of mercantile militarism in Turkey, the military-economic structure is examined as a triad: The first pod is OYAK, described as a private holding using the privileges of public institutions, which is evident in the army's role as a direct and autonomous economic actor in Turkey.
OYAK Group purchased the entire stake of Chemson Group from the Austrian private equity fund Buy-Out Central Europe II Beteiligungs-Invest AG.
Turkish industrial conglomerate OYAK Group said it had taken over Austrian polymer additives producer Chemson Group from local private equity fund Buy-Out Central Europe II Beteiligungs-Invest AG.
OYAK did not wish to unveil the details of the deal.
11 November 2013 - Turkish industrial conglomerate OYAK Group said today it had taken over Austrian polymer additives producer Chemson Group from local private equity fund Buy-Out Central Europe II Beteiligungs-Invest AG.
Erste Group Bank AG ( Erste Group ) advised Turkey s OYAK Group, one of the largest industrial conglomerates in Turkey, in the acquisition of Austrian chemical maker Chemson Group.