Brief: TAV Airports Says Almaty Investment Plan Expected to Total Between EUR 150 Mln- EUR 300 Mln Spread Out Over 3-4 Years

Tav Havalimanlari Holding

08/01/2025 09:13

Jan 8 (Reuters) - TAV HAVALİMANLARI HOLDİNG  TAVHL.IS :
    * INVESTMENTS IN ANTALYA AIRPORT AND ANKARA ESENBOGA AIRPORT
ARE
EXPECTED TO BE COMPLETED BY END OF FIRST QUARTER AND SECOND
QUARTER OF 2025, RESPECTIVELY
    * ALMATY INVESTMENT PLAN IS EXPECTED TO TOTAL BETWEEN
    * 150 MILLION EUROS-300 MILLION EUROS SPREAD OUT OVER 3-4
YEARS
BETWEEN 2025-2028
    * THE INVESTMENT IS EXPECTED TO BE FINANCED WITH INTERNALLY
GENERATED CASH OF ALMATY AND ALMATY'S PROJECT FINANCE CAPEX
TRANCHE WITH NO EQUITY/SHL CONTRIBUTION FROM HOLDING
    * THE SIZE OF THE INVESTMENT PROGRAM IS AIMED TO BE
    * UPDATED AT THE FEBRUARY 2025 BOARD MEETING

        
 Source text:  urn:newsml:reuters.com:*:nIKA4m8pg7
 Further company coverage:  TAVHL.IS  

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