Subscribe Free
in Airports

3,76% of TAV Airports shares were sold at TRY 19.85 per share

Posted 13 September 2017 · Add Comment

Tepe İnşaat and Sera Yapi, both TAV Airports shareholders have sold a total of 13 million 659 thousand 376 shares at 19.85 TL per share, corresponding to 3,76 % of the share capital of the company. The shareholders have pledged not to sell any more shares for 270 days.

After the sale, Tepe İnşaat will hold 5,06% and Sera Yapı will hold 1,29% of the share capital of the company. The float of TAV Airports will increase to 44,33%

TAV Airports CEO and Board Member Dr. M. Sani Şener said:

“As founding shareholders of TAV Airports, we only sold a portion of our shares. Our shareholding and board membership continues. Sera Yapı moved together in proportion with the share sale of Tepe İnşaat. Although, small in quantity compared to the latest share sales in Borsa Istanbul, high demand by foreign institutional investors resulted in a very fast placement which shows confidence to our country and our company.”

Sani Şener will continue as the CEO of the company until beginning of 2020 and after 2020 he will be the Chair of the Board of Directors for at least two years. The Board of Directors is composed of five members nominated by Groupe ADP, one candidate each nominated by Sera and Tepe and four independent members, comprising a total of 11 members.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Kuwait Airways signs with Safran Nacelles

Safran Nacelles has been selected by Kuwait Airways to provide unscheduled maintenance services coverage and asset management for thrust reversers on the airlineís Airbus A330 jetliner fleet powered by Rolls-Royce Trent 700

Gulf Airís on time punctuality garners top ranking in 2017

Gulf Air has been independently ranked by UK aviation analysts OAG the third most punctual airline in 2017, amongst Middle East and African airlines, with an average on-time performance (OTP) of 80.22%.

Aircraft Interiors Middle East and MRO Middle East opens today

The Aircraft Interiors Middle East and MRO Middle East events opened today in Dubai.

Emirates SkyCargo offers enhanced protection for pharmaceutical cargo

Emirates SkyCargo, has stepped up its commitment to securely transport temperature sensitive pharmaceutical shipments with the introduction of pharma corridors offering additional protection across selected stations in its

Boeing's 787-10 Dreamliner cleared for commercial service by Federal Aviation Administration

Boeing has announced the 787-10 Dreamliner received an amended type certificate (ATC) from the U.S. Federal Aviation Administration (FAA), clearing the aircraft for commercial service.

Oman's new generation takes off

The Royal Air Force of Oman (RAFO) has inducted the first of its newly acquired Eurofighter Typhoon swing-role fighters and BAE Hawk Advanced Jet Trainers, ushering in a new era for one of the UKís oldest and closest regional allies. Jon

Kuwait Aviation SK1909310118
See us at
Aviation Africa BT18418Saudi Future Airports BT150318AIME BT1204240118ArabianTravelMkBT250418MEBAA BT2018Istanbul Airshow BT22018Abu Dhabi AirExpo BT2018BIAS BT271017161118SOFEX BT2018Global Aerospace BT2018