Brief: Astor Enerji Says Shareholder Astor Holding Sells A Stake Corresponding To 5.99% Of Company's Share Capital

Astor Enerji

15/04/2026 05:50

April 15 (Reuters) - ASTOR ENERJİ ASTOR.IS:

MAIN SHAREHOLDER ASTOR HOLDING HAS SOLD A STAKE CORRESPONDING TO 5.99% OF THE COMPANY'S SHARE CAPITAL TO FOREIGN INSTITUTIONAL INVESTORS

ASTOR SAID SALE INVOLVED 59.8 MILLION SHARES PRICED AT 187.5 LIRA PER SHARE IN AN ACCELERATED BOOKBUILDING COMPLETED ON TUESDAY

TRANSACTION RAISED GROSS PROCEEDS OF 11.2 BILLION LIRA AND WAS PRICED AT A DISCOUNT OF ABOUT 7.95% TO PREVIOUS CLOSING PRICE

SHARES WERE SOLD TO INSTITUTIONAL INVESTORS OUTSIDE TURKEY, WITH CITIGROUP GLOBAL MARKETS AND HSBC ACTING AS JOINT GLOBAL COORDINATORS AND BOOKRUNNERS

TRANSACTION IS EXPECTED TO BE EXECUTED AS A WHOLESALE TRADE ON BORSA ISTANBUL AND TO SETTLE ON APRIL 20, SUBJECT TO REGULATORY APPROVALS

FOLLOWING SALE, ASTOR HOLDING'S STAKE IN ASTOR ENERJI IS EXPECTED TO FALL TO ABOUT ZERO, WHILE RATIO OF PUBLICLY TRADED SHARES ARE PROJECTED TO RISE TO AROUND 42.75%

FERIDUN GECGEL IS EXPECTED TO CONTINUE TO HOLD ABOUT 57.25% OF COMPANY AND WILL REMAIN ASTOR ENERJI'S MAJORITY SHAREHOLDER

 Source text for Workspace: nIKA9tXCsf
 Further company coverage: ASTOR.IS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))