An agreement has been reached by all lenders, including our Bank, for the restructuring of the debts provided to Galataport İstanbul Liman İşletmeciliği ve Yatırımları A.Ş. ("Galataport") and Doğuş Galataport Gayrimenkul Yatırımları ve Ticaret A.Ş. ("Doğuş 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.
As per the agreement, 49% of the shares representing the total capital of Galataport will be acquired by the lenders in accordance with their pro-rata ratios, by granting a three-year repurchase right to Doğuş Galataport.
In this context, our Bank is expected to acquire the shares corresponding to 7,18% of the share capital of Galataport by the end of 2024, and any significant developments regarding the subject will be announced to the public.
This is the translation of the Turkish public disclosure made by Türkiye İş Bankası A.Ş. through the Public Disclosure Platform, under the Material Events Guideline prepared in accordance with the Communique of Material Events, numbered II-15.1. According to the Material Events Guideline and the regulations, the Turkish public disclosure shall prevail.