Turkiye Garanti Bankasi A.S., US9001487019

Turkiye Garanti Bankasi A.S. / US9001487019

17.12.2024 - 10:13:37

Turkiye Garanti Bankasi A.S.: Transactions made within the scope of Galataport debt restructuring

Turkiye Garanti Bankasi A.S. (TGBD)


17-Dec-2024 / 09:13 GMT/BST


TO: Investment Community FROM : Garanti BBVA / Investor Relations SUBJECT: Transactions made within the scope of Galataport debt restructuring DATE: December 17, 2024   An agreement has been reached by all lenders, including our Bank, for the restructuring of the debts provided to Galataport ?stanbul Liman ??letmecili?i ve Yat?r?mlar? A.?. ("Galataport") and Do?u? Galataport Gayrimenkul Yat?r?mlar? ve Ticaret A.?. ("Do?u? Galataport") under the loan agreements and related financial documents in accordance with the Regulation on Restructuring of Debts to the Financial Sector and related legislation, and a restructuring agreement was executed by and between the parties.   In order to collect a portion of the loans within the scope of the agreement, 49% of the shares representing the total capital of Galataport will be acquired by the lending banks in accordance with their pro-rata ratios, by granting a three-year repurchase right to Do?u? Galataport.   In this context, our Bank is expected to acquire the shares corresponding to 12.28% of the share capital of Galataport by the end of 2024, and any significant developments regarding the subject will be announced to the public.   *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.   We declare that our above statements are in conformity with the principles included in the Board’s Communiqué, Serial II Nr.15.1, that it exactly reflects the information we received; that the information complies with our records, books and documents; that we did our best to obtain the correct and complete information relative to this subject and that we are responsible for the declarations made in this regard.     Yours sincerely, Garanti BBVA Contact Garanti BBVA Investor Relations: Tel: +90 212 318 2352 Fax: +90 212 216 5902 E-mail: investorrelations@garantibbva.com.tr www.garantibbvainvestorrelations.com  


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ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
LEI Code: 5493002XSS7K7RHN1V37
Sequence No.: 365725
EQS News ID: 2052909

 
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