DJ Turkiye Garanti Bankasi A.S.: Transactions made within the scope of Galataport debt restructuring
Turkiye Garanti Bankasi A.S. (TGBD)
Turkiye Garanti Bankasi A.S.: Transactions made within the scope of Galataport debt restructuring
17-Dec-2024 / 09:13 GMT/BST
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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 Istanbul Liman Isletmeciligi ve Yatirimlari A.S. ("Galataport") and Dogus Galataport Gayrimenkul Yatirimlari
ve Ticaret A.S. ("Dogus 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 Dogus 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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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
LEI Code: 5493002XSS7K7RHN1V37
Sequence No.: 365725
EQS News ID: 2052909
End of Announcement EQS News Service
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December 17, 2024 04:14 ET (09:14 GMT)
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