Brief: Koc Holding Says It Sells 2.1% Stake In Tupras For 9.32 Bln Lira Via Accelerated Bookbuilding

Turkiye Petrol Rafinerileri AS

26/03/2026 05:20

March 26 (Reuters) - KOÇ HOLDİNG KCHOL.IS:

SAID ON WEDNESDAY IT HAS SOLD A TOTAL OF 40 MILLION NOMINAL VALUE CLASS A SHARES, REPRESENTING AROUND 2.1% OF THE ISSUED SHARE CAPITAL OF TURKIYE PETROL RAFINERILERI (TUPRAS) TUPRS.IS, TO DOMESTIC AND INTERNATIONAL INSTITUTIONAL INVESTORS THROUGH AN ACCELERATED BOOKBUILDING PROCESS

SAID SALE SIZE HAD BEEN INCREASED FROM AN INITIALLY ANNOUNCED MAXIMUM OF 30 MILLION NOMINAL VALUE SHARES TO 40 MILLION DUE TO INVESTOR DEMAND, WITH TRANSACTION COMPLETED AT 233 LIRA PER SHARE FOR TOTAL PROCEEDS OF 9.32 BILLION LIRA

CITIGROUP, MERRILL LYNCH AND UNLU MENKUL DEGERLER ACTED AS JOINT BOOKRUNNERS FOR TRANSACTION

KOC HOLDING SAID SALE WAS CARRIED OUT AS PART OF ITS PORTFOLIO OPTIMISATION STRATEGY

FOLLOWING CLOSING OF TRANSACTION, COMPANY'S DIRECT STAKE IN TUPRAS WILL FALL TO AROUND 4.3%, WHILE TUPRAS' FREE FLOAT WILL INCREASE TO 48.9%

KOC HOLDING WILL CONTINUE TO CONTROL 50.7% OF TUPRAS THROUGH ITS DIRECT HOLDING AND A 46.4% STAKE HELD VIA ITS SUBSIDIARY ENERJI YATIRIMLARI

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 (Gdansk Newsroom)

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