Turkey's Esas Holding applies to convert 50 mln shares in Pegasus into publicly traded shares

Pegasus Hava Tasimaciligi

29/12/2025 07:58

Dec 29 (Reuters) - Turkey's Esas Holding says it applied to the Capital Markets Board on Friday regarding the conversion of its shares in Pegasus Airlines PGSUS.IS into tradeable shares on Istanbul's main BIST 100 index .XU100.

Esas Holding said in a statement on Monday that it will not sell the shares, constituting 10% of the airline's capital, "on or outside the relevant stock exchange markets" for three years after they are converted into tradeable shares.

Pegasus' shares were down 2.2% at 0735 GMT.

 (Writing By Arda Dipova; Editing by Daren Butler)

 ((arda.dipova@thomsonreuters.com;))