Brief: Is Bankasi Says It Acquires 7.18% Of Galataport Under Debt Restructing Agreement

Turkiye Is Bankasi AS

17/12/2024 06:27

Dec 17 (Reuters) - TURKIYE IS BANKASI  ISCTR.IS :
    * IS BANKASI SIGNS AGREEMENT TO RESTRUCTURE DEBTS PROVIDED
WITH
GALATAPORT AND DOGUS GALATAPORT
    * ACCORDING TO AGREEMENT 49% SHARES OF GALATAPORT TO BE
ACQUIRED
BY LENDERS, IS BANKASI TO ACQUIRE 7.18%
    * DOGUS GALATAPORT TO HAVE THREE-YEAR REPURCHASE RIGHT OF
SHARES,
ACQUIRED BY LENDERS TO COLLECT A PORTION OF LOANS

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