Friday, October 31, 2008

Sabanci prepares for weak Turkish growth

"Sabanci prepares for weak Turkish growth

By Delphine Strauss in Istanbul

Published: October 31 2008 01:22 | Last updated: October 31 2008 01:22

One of Turkey’s corporate giants is taking austerity measures in preparation for a sharp economic slowdown.

With interests ranging from financial services and retail to cement, tyre-making and power generation, the Sabanci group is one of the country’s biggest family owned conglomerates – and its fortunes are a handy barometer for those of the wider economy."

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