Brief: GSD Holding To Sell 5.40% Shares In Silopi Elektrik Uretim Company To Park Holding At $45 Million

GSD Holding

09/06/2020 07:30

June 9 (Reuters) - GSD HOLDING  GSDHO.IS :
    * REPORTED ON MONDAY HAS DECIDED TO SELL 5.40% SHARES IN
SILOPI
ELEKTRIK URETIM COMPANY TO PARK HOLDING AT $45 MILLION 
    * EXTENDS PERIOD FOR PUBLIC OFFERING FOR REMAINING 9.60%
SHARES IN
SILOPI ELEKTRIK URETIM COMPANY UNTIL 31 DECEMBER 2024 
    * PARK HOLDING TO INCREASE SHARE CAPITAL OF SILOPI ELEKTRIK
URETIM
COMPANY TO 1.50 BILLION LIRA FROM 202.1 MILLION LIRA VIA RIGHTS
ISSUES
    * AFTER SHARE CAPITAL INCREASE, GSD HOLDING WILL GET
ADDITIONAL
124.6 MILLION NOMINAL SHARES IN SILOPI ELEKTRIK WITHOUT CHARGE
TO RETAIN ITS 9.60% SHARES
    * IN CASE PUBLIC OFFERING OF SILOPI ELEKTRIK DOES NOT HAPPEN
UNTIL
EXPECTED DATE, GSD HOLDING WILL HOLD RIGHT TO SELL REMAINING
SHARES TO PARK HOLDING AT $30 MILLION 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA230gtc
    
 Further company coverage:  GSDHO.IS  
   


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