Ergün Holding Acquires MNG Factoring

Forex - Ergün Holding has acquired MNG Factoring following the completion of legal processes and the BDDK approval as of December 11, 2024.

Özbey Ergün, the Chairman of Ergün Holding, stated that they continue to grow in strategic sectors that add value to Turkey. “We have a diversified investment portfolio in key sectors ranging from finance to insurance, technology to e-commerce. With our advanced technological infrastructure and our expert team with deep experience in their fields, we are steadily progressing towards our goal of being among the most valuable holding companies in Turkey. With our innovative projects in specific areas, we continue to create value for all our stakeholders, especially our customers,” he said.

Ergün described the acquisition of the factoring company as a new and significant initiative aimed at their goals, stating: “Factoring is among the key sectors that support businesses’ collections and cash flow with its financing solutions, especially in the current economic environment. MNG Factoring is one of the reputable players in this market. Our aim is to further advance MNG Factoring with new investments in the company. Through developments in the fields of technology and management, we will increase MNG Factoring's customer base and support its growth. We will make MNG Factoring one of the most digital and customer-rich leading companies in its industry.”

Özbey Ergün noted that they have enriched the holding's portfolio with the inclusion of MNG Factoring, saying, “Our dream is to create a financial ecosystem and platform encompassing asset management, financing, factoring, payment systems, electronic money, and insurance sectors. I wholeheartedly believe that MNG Factoring will also be one of the leading players in the financial ecosystem that will provide end-to-end, top-quality service to our customers.”