French Giant Decided to Withdraw from Osmangazi Bridge

french giant decided to withdraw from osmangazi bridge
french giant decided to withdraw from osmangazi bridge

The French giant decided to withdraw from the Osmangazi Bridge. IC Infrastructure Operations and Trade Joint Stock Company, led by İbrahim Çeçen, will buy the shares of French Egis.

After the Italian Astaldi withdrew from the Yavuz Sultan Selim Bridge, a similar decision came from the French Egis this time.

French Egis, which operates and maintains Egis, Gebze-İzmir highway, Osmangazi Bridge and Eurasia Tunnel, which is involved in important projects in Turkey, transfers its shares to its partner IC İÇTAŞ.

According to Kerim Ülker from Dünya newspaper, if an agreement is reached, 51 percent of Egis' shares will be purchased by IC Infrastructure Operations and Trade Joint Stock Company, managed by its partner in the project, İbrahim Çeçen, as in the case of Yavuz Sultan Selim Bridge.

Being an important player in the civil engineering and mobility services sectors, French Egis is known for its turnover of 1.1 billion euros. The main shareholder of the company, which has 16 thousand employees, is Caisse des Dépôts. Founded in 1816 and controlled by the French parliament, the company is known as the country's investment fund. The asset size of this state-owned company is 168 billion Euros.

Egis, which is involved in important projects in Turkey, is a part of Otoyol A.Ş., which undertakes the Gebze-İzmir Project, a toll highway purchased under the Build, Operate and Transfer (BOT) model, until 2038. On the website of Egis, the operation and maintenance company GİB, in which the company has a 50 percent share, operates 407 kilometers of highway, 3 tunnels and Osmangazi Bridge with 868 employees. The remaining shares of Otoyol A.Ş are Nurol, Özaltın, Makyol, Yüksel, Göçay and Italian Astaldi. Egis also handles the operation and maintenance of the transportation infrastructures of the Eurasia Tunnel.

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