3rd airport doping to TAV

📩 29/11/2018 18:13

3rd airport doping to TAV: The possibility that the third airport construction will fail, pleased the TAV investor. Kalyon and Cengiz Holding, who took part in the group that won the third airport tender, came to the agenda that the construction of the third airport could be postponed with the freezing of their assets within the scope of the investigation. Finance Minister Mehmet Şimşek said that the construction of the airport would be disrupted if the measures put on the tender for airport construction were not lifted in relation to the investigation on 23 December. Limak-Kolin-Cengiz-Mapa-Kalyon Joint Venture Group won the third airport tender with a record price of 22 billion 150 million Euros, while TAV Airports had to withdraw from the tender at the last minute.
TAV shares increased by 3,4 on the stock exchange yesterday as a result of putting a measure on the assets of a group of businessmen in the third airport winning group in the current exchange rate. Yesterday evening, the measure was taken by the prosecutors who took the investigation was reported.
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. ”
TAV Airports, which gained 12 percent value in the last week, completed the shares yesterday with a 3,40 percent increase from 16,75 liras. The market value of the company increased 636 million TL in a 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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