UniCredit, Koc said to be weighing capital boost for Turkish unit
UniCredit SpA and Koc Holding AS are weighing a capital increase of about $1 billion for their Turkish venture Yapi & Kredi Bankasi AS to strengthen its buffers, according to people with knowledge of the matter. UniCredit, which together with Koc owns 82% of the Turkish bank, wants to carry out the fundraising by the end of the year and is willing to contribute as much as $500 million, sources said, asking not to be identified discussing private talks. The Italian bank is still seeking support from the Koc family and no final decision has been made, they said. Yapi Kredi’s board of directors has not made any decision on a capital increase, the company said in a statement on Wednesday. UniCredit and Koc declined to comment. (Bloomberg)
HAVAS, Sistem Logistics and Bilin Logistics will serve in the Cargo City while MNG, Celebi Hava Servisi and HAVAS will operate on the Ground Services Campus, according to the agreement signed between Istanbul Third Airport administrators and the companies.