General assembly decisions at Efe Alkollü İçecekler, one of Turkey’s earliest private-sector raki producers, face a legal challenge in court after a dispute among shareholders.
The company, which operates a production plant in İzmir’s Menderes district within the İTOB Organized Industrial Zone and maintains its headquarters in Istanbul, held its general assembly meeting on October 19, according to reporting by Dokuz Eylül. Following that session, several partners initiated legal proceedings.
Shareholder Lawsuit Targets Board Decisions
Certain partners filed a lawsuit seeking the cancellation of decisions made during the October 19 general assembly, as reported by Ege Postası. The litigation contests the board of directors’ 2024 activities, the financial statements, and the absolution of the board.
Additional items subjected to the legal challenge include the profit distribution decision and the authorization granted to board members under Articles 395 and 396 of the Turkish Commercial Code, Ege Saati reported. Egemen Demirtaş serves as the chairman of the board for the company, and the company’s management of production, distribution, and sales operations involves various affiliated corporate entities.
Efe Premium Alkollü İçkiler Acquires Majority Stake in Efe İçecek
A recent corporate transaction transferred 55 percent of the shares in Efe İçecek to Efe Premium Alkollü İçkiler, positioning Efe Premium to manage more than 56 percent of Efe İçecek. All shares of Efe Premium remain held by Efe İçki, while 87 percent of Efe İçki belongs to Kordon İçecek and 12 percent belongs to Kule İçecek.
Following the departure of Ekrem Demirtaş and the transfer of his shares, alongside vergi borcu süreçleri and asset sales beginning in 2017, the corporate headquarters relocated to Istanbul and Egemen Demirtaş assumed the role of board chairman.
Shareholders Petition to Annul Financial Approvals and Board Absolutions
- Legal Action: Shareholders have formally petitioned the court to annul the 2024 financial approvals, board absolutions, and profit distribution plans.
- Timeline: İzmir 2nd Commercial Court reviewed the filing on October 28, scheduling the initial hearing for January 20, 2027.
- Corporate Scale: Originally founded by roughly 500 partners, the enterprise expanded its production capacity from 5 milyon litreden to approximately 14 milyon litreye at its İzmir Menderes facility.
Court Date Scheduled for January 2027
Acting on the petition, the İzmir 2nd Commercial Court issued a ruling on October 28 setting the first hearing for the cancellation and nullity case on January 20, 2027, according to BirGün Gazetesi. The upcoming judicial review will determine the legal validity of the disputed corporate resolutions, with the court’s verdict expected to serve as a decisive factor for the legal validity of the general assembly decisions.
| Metric / Milestone | Details |
|---|---|
| Company Name | Efe Alkollü İçecekler Ticaret Anonim Şirketi |
| Production Facility | İzmir Menderes, İTOB Organized Industrial Zone |
| Initial Founder | Ekrem Demirtaş (Former İzmir Chamber of Commerce President) |
| Historical Capacity Growth | From 5 milyon litreden to approx. 14 milyon litreye |
| Court and Hearing Date | İzmir 2nd Commercial Court, January 20, 2027 |
The enterprise originally entered the market in 2004 under the leadership of former İzmir Chamber of Commerce President Ekrem Demirtaş alongside roughly 500 partners. Subsequent years brought ownership shifts, including tax debt restructuring, asset sales, the transfer of Ekrem Demirtaş’s shares, and the relocation of the corporate headquarters to Istanbul.
