Brief: Esenboga Elektrik Says It Completes Accelerated Bookbuilding Sale Of 2.91% Margun Stake, Total Proceeds From Sale Is 4.59 Bln Lira
BRIEF-Esenboga Elektrik Says It Completes Accelerated Bookbuilding Sale Of 2.91% Margun Stake, Total Proceeds From Sale Is 4.59 Bln Lira June 3 (Reuters) - ESENBOĞA ELEKTRİK ÜRETİM ESEN.IS:
SAID ON TUESDAY HAS COMPLETES AN ACCELERATED BOOKBUILDING PROCESS FOR SALE OF SHARES REPRESENTING 2.91% OF CAPITAL OF MARGUN ENERJI TO DOMESTIC AND INTERNATIONAL INSTITUTIONAL INVESTORS
UBS AND UNLU MENKUL DEGERLER WERE MANDATED TO RUN ACCELERATED BOOKBUILDING PROCESS
DEMAND WAS RECEIVED FOR THE FULL 85.8 MILLION LIRA NOMINAL VALUE OF SHARES AT 53.55 LIRA EACH
TOTAL PROCEEDS FROM SALE REACHED 4.59 BILLION LIRA
FOLLOWING COMPLETION OF THE TRANSACTION, ESENBOGA'S STAKE IN MARGUN WILL FALL TO 72.7%, WHILE MARGUN'S FREE FLOAT WILL RISE TO 27.3%
PROCEEDS FROM THE SHARE SALE WILL BE EXTENDED TO MARGUN AS A SHAREHOLDER LOAN TO SUPPORT GROWTH OPPORTUNITIES
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