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Limak, Kolin, Kalyon, Mapa,
Apr-18 Istanbul Airport Cengiz €1bn - Ziraat Bank,Halkbank, Garanti, Vakifbank, Deniz
Limak, Kolin, Kalyon, Mapa,
Apr-18 Istanbul Airport Cengiz - 2020 DHMI (Turkish airports authorithy)
Akbank, Deutsche, Finansbank, Garanti, Jun-15 Gebze-Izmir highway Nurol-Makyol-Ozaltin-Astaldi(Italy) $5bn - Halkbank, Isbank, Vakifbank, Yapi Kredi, Ziraat
Major executions in Turkey
Date Taken-over Stake Debt Bank Bankrupted
Apr-21 Two hotels - $42mn Denizbank (DENIZ/DNZ) Marti (MARTI)
Mar-21 UEFArevenues20-21 15% - UEFA Besiktas
Mar-21 Hisar factory full TRY94mn Ziraat Hisar kitchenware
Mar-21 Turyap full on sale execution tender -
Feb-21 Oven production plant on sale - Garanti BBVA Termikel
Jan-21 9,376 real estates on sale - 27 banks data compiled by daily Dunya
Dec-20 Les Ottomans Hotel full TRY430mn Akbank Unal Aysal
Nov-20 Keskinoglu 100% - Ziraat-Halk-Vakif Mehmet Keskinoglu
Feb-20 Yeni Elektrik execution $560mn Yapi Kredi, Isbank, Garanti, Vakifbank Unal Aysal
Nov-19 Atlasjet execution - - -
Sep-19 TurkTelekom 55% $4.7bn Garanti,Isbank,Akbank Hariri/Lebanon
Sep-19 Three power plants rumour $1.9bn Garanti, Is, Ak, EBRD, Deniz, Yapi Kredi ACWA, Gama, Ansaldo
Aug-18 Fleetcorp Turkey liquidation €300mn - Fleetcorp
Major fire sales in Turkey
Date Sold Stake Price Buyer Seller
Apr-21 Aydem Enerji (Bereket) 18.44% TRY1.1-1.3bn IPO Aydem(Bereket/Ceyhan Saldanli)
Apr-21 Dogus REIT (DGGYO) 9.64% in 1-year @Borsa Istanbul Dogus Holding (DGHOL)
Mar-21 Homes, cars - - - 14% of business owners
Feb-21 Private schools on sale - - -
Jan-21 30 shopping malls claim claim banks fire sale/execution
Jan-21 Unnamed electricity grid - rumour Actis/UK -
Jan-21 Marmara Forum shopping mall claim claim Akbank Multi/Netherlands
Jan-21 2,000 hotels on sale - - -
Dec-20 PalladiumAtasehir full - Akbank Tahincioglu
Nov-20 Istinye Park 30% $300mn Qatar sovereign fund Dogus Holding
Oct-20 Antalya Port full $140mn Qatar Global Ports
Aug-20 Zubizu - - DgPays Dogus Holding
Jul-20 Dogus Marina 100% - CVC/Luxemburg Dogus Holding
Feb-20 n11 mandate - Citi, BoA SK/Korea, Dogus
Dec-19 ICA(3rd Bosphorus Bridge) 51% $688.5mn China Merchants Group Astaldi-Ictas
Apr-18 D.ream 17% $200mn Temasek/Singapore Dogus Holding
26 TURKEY Country Report May 2021 www.intellinews.com