Bloomberg news agency claims that the sale process of Istanbul Airport was stopped by the partners said.
According to Bloomberg's report, some of the partners of the third Airport were preparing to sell their shares at the airport, where 11 billion dollars were valued. It was reported that the agreement was signed with Lazard, the US investment bank. But there was a new development. Istanbul Airport's partners stopped their share sales plans and potential buyers withdrew from the process.
AGREEMENT WITH LAZARD TERMINATED
According to sources close to the subject Bloomberg'e, the airport holds the right to operate the IGA's shareholders Limak, Mapa, Kalyon and Cengiz Construction to provide valuation and potential buyers to find an agreement with the investment bank Lazard agreement has been terminated.
While IGA did not comment on the issue, Lazard could not be reached in the first place.