Business Venture/Aykol: (HolidayBudur) This Move Aligns with İş Bankası's Goals in the Tourism Sector

Foreks - İş Girişim (IS:ISGSY), a subsidiary of Türkiye İş Bankası, has increased its stake in TatilBudur, one of Turkey's significant travel platforms, to 64.15% by acquiring a 24.06% share. This change aims to further consolidate TatilBudur's position in the sector and continue investing to provide the best service to its guests.

As TatilBudur strengthens its position with the increased stake from İş Girişim, it is making a strong start to the new year. The process began with a preliminary protocol announced on November 8, 2024, and was completed on December 2, 2024, where the 24.06% share of TatilBudur was transferred to İş Girişim for a sum of 1 billion 66 million TL.

The partnership started with İş Girişim’s investment in TatilBudur in 2015 and was further enhanced by a capital increase in 2020. This investment process was a significant step in boosting TatilBudur's operational strength and further enhancing its technological infrastructure. With the recent transfer of the 24.06% management share, İş Girişim’s stake in TatilBudur has reached 64.15%.

Kubilay Aykol, General Manager of İş Girişim, emphasized that with the share transfer, İş Girişim, the venture capital arm of the Bank, now holds a majority stake in TatilBudur, a key player in the sector, and will continue actively contributing to the company’s development and growth. Aykol stated that this move also aligns with İş Bankası’s prioritized objectives in the tourism sector.

Onur Otruş, the CEO of TatilBudur, mentioned that this development is exciting and presents important opportunities for steady growth. He noted, "We have been working in harmony with İş Girişim for the past 10 years for the development of the brand. We believe that recent developments will create more opportunities within our common goals. TatilBudur will close the year with over 40% growth, which represents a significant figure in the sector dynamics. We believe that this change, occurring before entering 2025, will provide important opportunities to consolidate our position in the industry, accelerate our growth strategies, and reach a broader customer base."