3rd airport doping to TAV

TAV's 3rd airport doping: The possibility that the construction of the third airport will be disrupted made TAV investors happy. Third airport tender kazanIt has come to the agenda that the construction of the third airport may be postponed, as the assets of Kalyon and Cengiz Holding, which are in the current group, are frozen within the scope of the investigation. Finance Minister Mehmet Şimşek, in a statement at the weekend, stated that the construction of the airport would be disrupted if the measure placed on the businessmen who took the tender for the construction of the airport in relation to the investigation on 23 December is not lifted. Limak-Kolin-Cengiz-Mapa-Kalyon Joint Venture Group awarded the third airport tender with a record price of 22 billion 150 million Euros. kazanTAV Airports had to withdraw from the tender at the last moment.
The third airport, where it was discussed that possible problems in financing could be experienced in the current exchange rate environment. kazanTAV shares rose by 3,4 percent in the stock market yesterday, as a number of businessmen in the current group brought up the issue that the construction could be postponed due to the measures being taken against their assets. It was reported that the measure was lifted by the prosecutors who took over the investigation yesterday evening.
The possible disruption at the third airport, which is expected to be commissioned in 2018, was described as a positive development for TAV, which had the right to operate Atatürk Airport until 2020.
BGC Partners Analyst Kerem Tezcan stated that the statement of Finance Minister Mehmet Şimşek 'that the third airport construction might be delayed caused the increase in TAV shares and the possibility of delay affects TAV positively.
Burgan Investment Analyst Burak İşyar pointed out that the increase in TAV shares stemmed from the possibility of a third airport tender held by Finance Minister Mehmet Şimşek over the weekend.
Isyar, ”TAV had the right to operate Ataturk Airport until 2020; So this news is in favor of TAV. The question of the possibility of postponement or even cancellation raises the question of whether the investor has the right to operate for a longer period of time. On the other hand, this was anticipated and a speculative purchase took place. ”
12% value in the last week kazanThe shares of TAV Airports closed the day with an increase of 3,40 percent at 16,75 liras. The market value of the company increased by 636 million TL in one week to 6 billion TL.
In the second wave of 'Corruption and Bribery Operation', the measure put on the assets of 2 businessmen and 7 companies was removed by the prosecutors who took over the investigation.

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