Turkiye Garanti Bankasi A.S.: Transactions made within the scope of Galataport debt restructuring

17.12.24 10:13 Uhr

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Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Transactions made within the scope of Galataport debt restructuring

17-Dec-2024 / 09:13 GMT/BST


TO: Investment Community

FROM : Garanti BBVA / Investor Relations

SUBJECT: Transactions made within the scope of Galataport debt restructuring

DATE: December 17, 2024

 

An agreement has been reached by all lenders, including our Bank, for the restructuring of the debts provided to Galataport İstanbul Liman İşletmeciliği ve Yatırımları A.Ş. ("Galataport") and Doğuş Galataport Gayrimenkul Yatırımları ve Ticaret A.Ş. ("Doğuş Galataport") under the loan agreements and related financial documents in accordance with the Regulation on Restructuring of Debts to the Financial Sector and related legislation, and a restructuring agreement was executed by and between the parties.

 

In order to collect a portion of the loans within the scope of the agreement, 49% of the shares representing the total capital of Galataport will be acquired by the lending banks in accordance with their pro-rata ratios, by granting a three-year repurchase right to Doğuş Galataport.

 

In this context, our Bank is expected to acquire the shares corresponding to 12.28% of the share capital of Galataport by the end of 2024, and any significant developments regarding the subject will be announced to the public.

 

*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

 

We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.

 

 

Yours sincerely,

Garanti BBVA

Contact Garanti BBVA Investor Relations:

Tel: +90 212 318 2352

Fax: +90 212 216 5902
E-mail: investorrelations@garantibbva.com.tr
www.garantibbvainvestorrelations.com

 



Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
LEI Code: 5493002XSS7K7RHN1V37
Sequence No.: 365725
EQS News ID: 2052909

 
End of Announcement EQS News Service

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