SDIF puts Adabank up for sale
The Savings Deposit Insurance Fund (TMSF) put 966.8 shares of Adabank AŞ up for sale with a ratio of 96.68234 percent.
According to the announcement published in today’s edition of the Official Gazette, the estimated value of the entire 966.8 million shares offered for sale was determined at TL 210 million. The tender will be held on May 24.
To participate, bidders must post 52.5 million TL cash collateral, and companies that have the sought after qualifications for bank founders, operate in the financial sector, and have a minimum asset size of 5 billion TL in its audited consolidated financial statements. as long as they pertain to 2021 and beyond. It is also among the conditions that are sought so that the participant is not bankrupt, bankruptcy stay, bankruptcy or liquidation. (Reuters)
Source: Sozcu
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