Page 29 - TURKRptFeb20

Major M&As
Date Sold Stake
Jan-20 Sanovel 30%
Price
Buyer
Yamma Investments Oyak
Exit
Consortium
Anex Tour
-
@Borsa Istanbul @Borsa Istanbul Intralot Iberia GPH - MSC Habas
Anex Tour
TVF
Yasar Serdengecti @Borsa Istanbul @Borsa Istanbul Consortium
OYAK
Tekfen Holding TVF
Treasury
Koc Holding
Anex Tour Hoshizaki Corp. ICBC Turkey
Avia Trade Marubeni Emirates NBD
TSKB
@Borsa Istanbul PayU
True Value Capital Turkven, Early Bird Sovos
EBRD
Seller
Toksoz Group
Demiroren
Glovo
Japan Credit Rating Agency Thomas Cook
Minority shareholders Halkbank
Vakifbank
Turkcell
-
Baticim
Thomas Cook
EBRD
Ulker Biskuvi
Isbank
Isbank
Astaldi-Ictas
-
Socar-Pasha Holding
Ziraat Bank, Halkbank, Vakifbank Directorate of Foundations UniCredit
Thomas Cook
Oztiryakiler
Yesil REIT
Pegasus
Sabanci Holding
Sberbank
@Borsa Istanbul Ozgorkey Holding Founders Sabanci Holding Revo, Ribbit Revo Capital
IC Energy Holding
Borusan EnBW
Jan-20 Enerji $74 EBRD, ICBC
Jan-20 Total, M Oil
Jan-20 Glovo Turkey
Jan-20 JCR Eurasia
Jan-20 Intourist 100% -
Jan-20 Akbank
Jan-20 Halkbank
Jan-20 Gunes Sigorta
Jan-20 Inteltek
Jan-20 Goulette Shipping Cruise Jan-20 Batiliman
Jan-20 Neckermann
Dec-19 Borsa Istanbul Dec-19 Istanbul Gida Dec-19 Is Invest Dec-19 Is Invest Dec-19 ICA
1.9% TRY9.3mn
Dec-19 Adana, Aslan, Bolu, Mardin, Unye
Dec-19 SOCAR Polymer
Dec-19 Gunes S., Halk S., Ziraat S., Halk H., Ziraat H., Vakif E.
Dec-19 Vakifbank
Nov-19 Yapi Kredi
Nov-19 Bucher Reisen & Oger Tours
Nov-19 Oztiryakiler 28.5% -
Nov-19 Istanbul Tower Sep-19 Air Manas Aug-19 Temsa Machinery Aug-19 Denizbank
Jun-19 TSKB REIT Jun-19 Coca Cola Icecek Jun-19 iyzico
May-19 Temsa Bus Light Truck
May-19 Parasut - - May-19 Foriba - - May-19 Ictas Surdurulebilir - $100mn
5.4 External Debt
Major external financing obtained by Turkish borrowers
Total Renewal Maturity Tranche
$200mn 100% $360mn
100% - 85.05% -
1.5mn 27mn 55% 100% 100% 100% 10% 100% 0.226mn 0.162mn
TRY6.76- 6.81 TRY2.28-2.45 -
- $75-110mn
-
- TRY77mn TRY4.49-4.55 TRY4.29-4.36
51% $688.5mn
10%
-
51.85% TRY2.83bn 9.02% TRY1.41bn
100% -
100% 49% 41%
$594mn €98,000 -
99.85% $2.77bn
0.142 mn
0.16mn/0.07% TRY30.3
majority $165mn 100% TRY375mn
Cost
(mn) Rate (days) 1 1 2 2
29 TURKEY Country Report OUTLOOK 2020 www.intellinews.com
Tranche Cost