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Lydia Holding A.Ş., located in Istanbul, marked an impressive year in 2024 through dynamic corporate changes and strategic growth initiatives. The company gained attention with its restructuring efforts and effective financial strategies, especially highlighted in its annual report. By pioneering innovative projects across multiple sectors, from energy to real estate, Lydia Holding played a key role in boosting the Turkish economy.
🌍 Transformation and New Identity
Lydia Holding was originally founded in 1980 as Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş., and has transformed significantly over the years. In 2024, it embraced a bold rebranding, becoming Lydia Holding A.Ş., a change formalized at a general assembly on July 23, 2024. This strategic transformation into a holding structure broadened its operational scope and positioned it to enhance its influence across diverse sectors, aiming for strengthened stability and expanded offerings.
Partnerships and Growth Strategies
Lydia Holding drew significant attention with its strategic growth initiatives, enhancing its financial stature through crucial acquisitions and mergers. A remarkable shift was seen when Lydia Holding acquired Tetamat Gıda Yatırımları A.Ş. and Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş. By merging Tetamat Gıda with MYK2 Enerji, Lydia Yeşil Enerji Kaynakları A.Ş. was established, marking a new era in renewable energy. These strategic actions significantly bolstered Lydia Holding’s market footprint and paved the way for future energy innovations.
🌱 Advancements in Energy and Real Estate
With a keen focus on renewable energy and real estate, Lydia Holding is set to lead Turkey's advancement in these crucial sectors. The company plans substantial investments to increase Turkey's capability in renewable energy. Emphasizing these sectors aligns with Lydia Holding’s growth vision, driving leadership in modern energy solutions and real estate progress.
📊 Solid Financial Strategy and Risk Approach
By 2024, Lydia Holding achieved a consolidated asset total of 2.9 billion TL, showcasing its financial strength. Strengthening equity and reducing reliance on bank loans contributed to solid financial health. The board emphasized that future strategies are rooted in proficient risk management practices, ensuring sustainable advancement.
Future Aspirations
Lydia Holding's vision emphasizes sustainable growth and corporate innovation. Chairman Enver Çevik highlighted the goal of creating substantial value for investors and partners. In 2024, substantial transformations and progress were evident. Aligning with sound corporate governance, Lydia Holding has improved management processes through dedicated audit and risk management committees.
Looking ahead, Lydia Holding’s future is promising with plans to continue contributing to Turkey's economic prosperity. Efforts toward expansion in 2025 signal a future filled with potential, promising a resilient path forward.
Who is Enver Çevik?
Enver Çevik began his commercial career in Istanbul at a young age and entered Turkey’s emerging capital markets as an investor in the early 1990s. While maintaining his business ventures, he simultaneously enhanced his investment knowledge and experience in the capital markets. Over time, he combined his commercial expertise with his capital market investment experience, diversifying his investments across various industries.
Currently, Enver Çevik serves as Chairman of the Board for several companies, including:
Lydia Holding A.Ş.
Lydia Yeşil Enerji Kaynakları A.Ş.
Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş.
EC Gayrimenkul Yatırımları A.Ş.
Lydia Yatırım Holding A.Ş.
Bulls Havacılık A.Ş.
Lydia Enerji Elektrik A.Ş.
As the Chairman of Lydia Yatırım Holding, Enver Çevik holds 95.10% of the company’s paid-in capital. Lydia Yatırım Holding is a shareholder in Bulls Yatırım Holding, EC Gayrimenkul Yatırımları, Bulls Havacılık, and Lydia Enerji Elektrik. Bulls Yatırım Holding, which is publicly traded on Borsa Istanbul, also owns stakes in Bulls GSYO, Selçuk Gıda Endüstri İhracat İthalat A.Ş., and Dünya Yatırım Holding (Dünya Gazetesi). Additionally, Bulls Yatırım Holding has applied to the Capital Markets Board (SPK) to acquire a majority stake in Bulls Yatırım Menkul Değerler. Furthermore, Lydia Yatırım Holding has investments in publicly traded companies such as Link Bilgisayar and 1000 Yatırımlar Holding.
About Lydia Holding
Lydia Holding A.Ş. (formerly Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş.) was established in 1980 as a marketing company and has been publicly traded on Borsa Istanbul since 1994. In July 2024, the company changed its name to Lydia Holding A.Ş., officially becoming a holding company. The company’s shareholder structure was revised in January 2024. Enver Çevik is the majority shareholder, holding 63.32% of the company's 208,000,000 TL paid-in capital.
Beyond its own operations, Lydia Holding also has two publicly traded subsidiaries on Borsa Istanbul:
Lydia Yeşil Enerji Kaynakları A.Ş. (64.89% ownership)
Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş. (60.17% ownership)