Categories: Economy

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

Andrew

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.