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acquired 51% of

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Tüyap is the leading fairs and exhibitions organizer in Turkey. The company serves to more than 12,000 domestic and foreign exhibitors from 52 countries with exhibitions on 58 different topics. The company hosts on average 2 million visitors each year. Tüyap operates 92,000 sqm exhibition area in Istanbul, Bursa and Konya.

İş Venture Capital and Netherlands Development Finance Company FMO acquired 51% of Tüyap by providing US$12 million in equity. FMO also extended a loan facility of US$7 million.