Akfen Holding A.Ş.

Akfen Holding A.Ş.
16.06.2011
Please kindly find below Akfen Holding's announcement regarding the completion of share transfer
of Istanbul Fast Ferries (IDO):
Our special announcement dated 8th April 2011 stated that Akfen Holding (“Akfen”) together with its
joint venture partners Tepe İnşaat San. A.Ş. (“Tepe”), Souter Investments LLP (“Souter”) and Sera
Gayrimenkul Yatırım ve İşletme A.Ş. (“Sera”) (together the “Shareholders”) submitted the highest
bidding price of USD 861 million for 100% of Istanbul Deniz Otobusleri A.S. (“Istanbul Fast Ferries” or
“IDO”). The Shareholders founded TASS Denizcilik ve Ulaştırma Hizmetleri Turizm San. ve Tic. A.Ş
(“TASS”), into which Akfen injected capital of around USD 39.5 mn. The share capital of TASS,
amounting TL 211 mn or USD 132 mn, is consisting of Tepe, Akfen, Souter, Sera, 30%, 30%, 30% and
10%, respectively. Akfen has joint control with Tepe and Souter.
TASS signed the Share Purchase Agreement with Istanbul Metropolitan Municipality and the other
minority shareholders for the sale of 100% of IDO today. The payment price was paid and the share
transfer was completed.
We hereby state that the above clarifications are in compliance with the principles set forth in the Decree No 54 Series No VIII of the
Capital Market Board, that it fully reflects the information we have received in this respect, that the information is compliant with the
books, records and our documents, that we have accomplished our best in order to obtain the accurate and correct information, and that
we are responsible for this clarification hereby.
Akfen Holding
Investor Relations
For further information please e-mail to [email protected]
AKFEN HOLDING A.Ş.
Levent Loft – Buyukdere Cad. No:201 K.11 34394 Levent, Istanbul - TURKEY
Tel :+90.212.319.8700 Fax: +90.212.319.8710
www.akfen.com.tr