Turkish Airlines (Thy) reported that their compulsory investment proposal was accepted by Air Europe.
in the statement of Thy, published on the information disclosure platform (KAP), it is said that the mandatory proposal sent by our company was adopted by the Air Europe, and the preparation of the documentation for the transaction on the transaction of the transaction is currently underway And official procedures are launched for its completion. “
The statement recalls that the company has submitted a mandatory proposal to acquire Air Europa minority shares in order to strengthen its strategic situation in the global aviation sector in Latin America, develop a passenger and freight air transportation network between Spain and Turkey, as well as increase the number tourists who come to Turkey and the economic contribution.
According to this information, most of the transaction will be carried out in the form of an increase in capital.
“The transaction includes investments in the amount of 300 million euros, and the share of the acquired minority package of shares will be finally determined after technical and financial adjustments that will be carried out at the final stage. Depending on the receipt of the receipt. the necessary permits and approvals from the relevant regulatory authorities, the process is expected to be completed within about 6-12 months, ”says Thy.
The statement contains a brief presentation of the Air Europa for investors, and it is also reported that if new events that may affect the decisions of investors, the necessary information will be brought to the publication of the public.