Zeren Group Strengthens Energy Position with Acquisition of Türkiye Petrolleri

Zeren Group, a diversified conglomerate, has expanded its influence in Turkey’s energy sector with the acquisition of Türkiye Petrolleri, one of the largest fuel retail companies in the country. This move aligns with Zeren’s ongoing strategy to increase its footprint in both Turkey and Europe, particularly in the energy sector.

Expanding Reach in Turkey’s Growing Energy Market
With this acquisition, Zeren now operates a total of 1,120 petrol stations across Turkey, including the 800 stations under Türkiye Petrolleri. The acquisition also includes nine filling facilities and a storage capacity of 307,000 cubic meters. These assets give Zeren 6.5% of Turkey’s fuel market, which saw a 7.9% growth in 2023, reaching a $35 billion (€33.4 billion) market value, according to Turkey’s energy regulator, EPDK.

This strategic acquisition strengthens Zeren Group’s position as a leader in Turkey’s fuel distribution network and serves as a consolidation of domestic energy assets. The company had previously acquired Alpet, a fuel distributor operating 259 stations and several storage facilities, making this move part of a broader strategy to consolidate and grow within Turkey’s energy market.

Zeren Group’s Broader European Expansion Strategy
Zeren Group is not only focused on Turkey but is also looking to expand its energy interests across Europe, with a specific emphasis on the UK. The company is leveraging its London-based energy consultancy, Laval Energy, to build out its capabilities in energy projects and consultancy. Zeren aims to use Laval Energy as a springboard to further penetrate the UK energy market, with plans to expand into other sectors such as food and beverage, hospitality, and property.

Mustafa Yiğit Zeren, Chairman and CEO of Zeren Group, expressed excitement about the company’s European expansion: “We are eager to grow our presence in Europe, especially within the UK’s dynamic energy market. With Laval Energy already firmly established, we are well-positioned to build upon our success in Turkey and expand into new energy opportunities.”