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Owner of Salt Bae Chain Plans $890 Million Asset Sale to Cut Debt

  • Billionaire Sahenk seeks to cut Dogus borrowings 35% in 2020
  • Dogus is seeing ‘significant’ improvements in cash flow
Salt Bae
Salt BaePhotographer: Stuart C. Wilson/Getty Images
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Turkish billionaire Ferit Sahenk is ready to sell more of his assets as part of an ongoing effort to satisfy a debt-restructuring deal struck with banks earlier this year.

Sahenk’s Dogus Holding AS could dispose of investments worth as much as 800 million euros ($890 million), he said in an interview in Istanbul late on Monday. Dogus, which has interests spanning restaurants, entertainment outlets, marinas and car-distribution businesses, wants to cut its 2.3 billion euros of restructured debt to below 2 billion euros this year and to 1.5 billion euros by the end of 2020 through the sales, he said.