Sabah and ATV are sold to a company involved in the project of transferring water from Turkey to the occupied area of Cyprus
According to World Bulletin news website (20.12.13), Turkey's Sabah newspaper and ATV channel have been sold to a construction firm named Kalyon Insaat.
Sabah newspaper and ATV had previously been owned by the Calik Group, who purchased it from the Ciner Group in 2008 for $1.1 billion.
The Calik Group had reportedly been long looking for a buyer, with multi-millionaire Rupert Murdoch's News Corp also showing interest. However, after a meeting, the two were not able to agree to a deal.
It is noted that Kalyon Insaat was established by Hasan Kalyoncu in the south-eastern Turkish city Gaziantep in 1974. They have worked in Qatar, Russia, Libya, the UAE, Saudi Arabia and Iraq, on projects including universities, hospitals, houses, schools, roads, bridges and tunnels. It is currently being managed by Orhan Cemal Kalyoncu.
Referring to the issue, Turkish Cypriot columnist Ali Osman writes in daily Afrika newspaper (23.12.13) that one of the projects on which Kalyon Insaat is working is the project of transferring water from Turkey to the occupied area of Cyprus with underwater pipelines. The company is reportedly responsible for the part of the project in the sea.