Share Sale Plan for Yavuz Sultan Selim Bridge

Contact Yavuz directly
Contact Yavuz directly

Global plans to bid for Centricus Group Istanbul 3rd Bridge

According to sources close to the subject, Global Investment Holdings Inc., London-based Centricus Asset Management and a joint venture group consisting of a Chinese investor will submit a binding offer to Astaldi until the end of June, while the third bridge continues due dilligence for the purchase of shares.

Sources say that the joint venture group has evaluated the Istanbul Yavuz Sultan Selim Bridge operation in the amount of 1,3 billion dollars-1,4 billion dollars. According to the sources, the group evaluated the 33 Astaldi stake in 467 up to XNUMX million dollars.

Astaldi, Centricus and Global did not comment on the issue.

In addition to Astaldi's share of 33 on the bridge, the remaining shares are owned by IC Yatırım Holding AŞ. One source said the deal could result in the sale of the 100 percent of the bridge.

In the investor presentation on Astaldi's website, the company stated that the expected value of its shares in the third bridge is 350 million euros.

Source : is

Günceleme: 25/02/2019 21:57

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