Refile: BRIEF-Marmaris Altinyunus Says It Revises Investment Amount Up To $100 Mln Plus VAT From $80 Mln Plus VAT For Reconstruction Of Divan Talya Hotel

Marmaris Altinyunus Turistik Tesisleri

25/06/2025 05:05

Fixes date

June 25 (Reuters) - MARMARİS ALTINYUNUS TURİSTİK TESİSLER MAALT.IS:

SAID ON TUESDAY REVISES INVESTMENT AMOUNT UP TO $100 MILLION PLUS VAT FROM $80 MILLION PLUS VAT FOR RECONSTRUCTION OF DIVAN TALYA HOTEL

IN LINE WITH THE REVISED TOTAL INVESTMENT AMOUNT, IT IS EVALUATED THAT $40 MILLION OF THE $50 MILLION FINANCING REQUIREMENT TO BE RAISED WILL BE FINANCED THROUGH A CAPITAL INCREASE ALLOCATED TO MAIN SHAREHOLDER KOÇ HOLDING

THERE IS NO DECISION TAKEN AT THIS STAGE ON TYPE, TIMING AND AMOUNTS OF OTHER SOURCES THAT MAY BE ON AGENDA, PRIMARILY BORROWING, FOR REMAINING FINANCING NEED, AND FINAL FINANCING STRUCTURE ENVISAGED MAY CHANGE DEPENDING ON MARKET CONDITIONS AND INVESTMENT PROCESS

UNDER NEW INVESTMENT PLAN, HOTEL IS TARGETED TO BE OPERATIONAL IN SECOND QUARTER OF 2026, WHEN THE TOURISM SEASON IS MORE INTENSE

Source text: nIKA8tr2Ff
Further company coverage: MAALT.IS

(Gdansk Newsroom)

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