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Ekol owner takes back control

[ March 15, 2019   //   ]

Ekol Logistics founder and majority owner Ahmet Musul has bought a 37% stake in the company held since 2010 by Rigond Finance, a subsidiary of the Abu Dhabi-based Invest AD and SBI Holdings of Japan, bringing his total stake to 90%. He said the move would help accelerate efforts to transform the Turkish operator into an employee-owned company.