Watchdog approves TAV’s acquisition of HAVAŞ

16 November 2007 /TODAY’S ZAMAN

The Competition Board has approved TAV Airports Holding’s acquisition of Park Yatırım Holding’s 40 percent stake in Havaalanları Yer Hizmetleri (HAVAŞ).

TAV currently holds a 60 percent stake in HAVAŞ and after the acquisition, TAV will be the sole owner of the company. According to a statement released by TAV Airports Holding to the İstanbul Stock Exchange (İMKB) yesterday, TAV stated that an agreement was signed with Park Yatırım Holding for the sale of its 40 percent stake in HAVAŞ. The statement also said the sale file had been sent to the Civil Aviation Directorate General (SHGM) and the Competition Board for approval on Oct. 8. The statement mentions that TAV has received a confirmation letter from the Competition Board and is awaiting approval from the SHGM.

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