Examples of use of EGS
1. The original portfolio of EGS companies in the possession of TMSF included EGS Real Estate Investment Trust, EGS Holding, EGS Foreign Trade, EGS Financial Leasing, EGS Insurance, EGS Egeser Clothing Industry Domestic and Foreign Trade, Denser Denizli Free Trade Zone Management and Ýpekyol Vadisi Free Trade Zone Management.
2. Having unconditionally assumed EGS‘s debt, Turhan will take over management of EGS Holding, EGS Financial Leasing, EGS Egeser Clothing Industry Domestic and Foreign Trade, EGS Real Estate Investment Trust and Denser Denizli Free Trade Zone Management.
3. EGS was the pride of the Aegean region and Turkey.
4. EGS partners gathered to support Hasan Turhan, who has agreed to assume EGS‘ debt after the seizure of EGS by the Banking Regulation and Supervision Agency (BDDK). Turhan agreed earlier this week to operate five of the total eight EGS companies belonging to the Savings Deposit Insurance Fund (TMSF) and repay its $250 million debt over a period of 15 years. «We have not signed the protocol yet; however, we reached an agreement upon the declaration of intent.
5. We are also responsible for the failure of the EGS group because we founded it.