Press Releases

Press Releases

3,76% of TAV Airports Shares were sold at TRY 19.85 per share.

Tepe İnşaat and Sera Yapi, both TAV Airports shareholders have sold a total of 13 million 659 thousand 376 shares at 19.85 TL per share, corresponding to 3,76 % of the share capital of the company. The shareholders have pledged not to sell any more shares for 270 days.

After the sale, Tepe İnşaat will hold 5,06% and Sera Yapı will hold 1,29% of the share capital of the company. The float of TAV Airports will increase to 44,33%

Below you may find the comparative shareholder structure of TAV Airports:

Through Tank ÖWA alpha GmbH

TAV Airports CEO and Board Member Dr. M. Sani Şener said:

“As founding shareholders of TAV Airports, we only sold a portion of our shares. Our shareholding and board membership continues. Sera Yapı moved together in proportion with the share sale of Tepe İnşaat. Although, small in quantity compared to the latest share sales in Borsa Istanbul, high demand by foreign institutional investors resulted in a very fast placement which shows confidence to our country and our company.”

Sani Şener will continue as the CEO of the company until beginning of 2020 and after 2020 he will be the Chair of the Board of Directors for at least two years. The Board of Directors is composed of five members nominated by Groupe ADP, one candidate each nominated by Sera and Tepe and four independent members, comprising a total of 11 members.

The share sale was advised by Credit Suisse Securities (Europe).

About Tepe İnşaat

Tepe İnşaat Sanayi A.Ş. (Tepe Construction Industry Inc.), the flagship of Bilkent Holding, is a leading innovative company in the construction industry both in Turkey and abroad, with its sound financial structure, outstanding experience and distinguished corporate identity. 

Tepe İnşaat started its operations as a part of Tepe Group, established by Hacettepe University Foundation in 1969 in Ankara. The Group was restructured in 1986 and Tepe İnşaat has carried out its operations as a part of Bilkent Holding from then on. Tepe İnşaat, offering services at international standards in each stage of its projects, from concept design to final delivery, has built itself a fine reputation and a brand name both in Turkey and globally with major projects undertaken around the world, from the Balkans to the Middle East, from North Africa to Russia and to the depths of Central Asia. Tepe İnşaat has expanded its services across industries and has been at the centre of the construction industry with housing complexes, malls, hospitals, schools, industrial structures as well as infrastructure projects. Taking its social responsibilities extremely seriously, Tepe İnşaat offers generous education opportunities to thousands of young people through Bilkent University, a modern foundation university seeking to achieve distinction in acquiring and sharing knowledge.

About Sera Yapı

Sera Yapı, established in 1995 as a family company by Dr. Sani Şener to capitalize on his engineering experience, invests in large construction projects in and outside of Turkey. Sera’s core areas also include real estate and other strategic investments. Sera Yapı has completed 2 million square meters of infra and superstructure projects until now. Sera is a shareholder of TAV Airports, a global brand in airports management, of TAV Construction and its subsidiaries and of Istanbul Deniz Otobusleri (IDO), a leading maritime company in the world. Sera also operats Trabzon and Of Branches of TUVTURK and serves more than 70.000 vehicles for inspection.

About TAV Airports

TAV Airports maintains its leading position in the airport operations sector in Turkey. TAV Airports operates Istanbul Ataturk, Ankara Esenboga, Izmir Adnan Menderes, Gazipasa Alanya and Milas Bodrum Airports in Turkey as well as Tbilisi and Batumi Airports in Georgia, Monastir and Enfidha-Hamammet Airports in Tunisia, Skopje and Ohrid Airports in Macedonia, Medinah Airport in Saudi Arabia and Zagreb Airport in Croatia. TAV Airports is also active in other areas of airport operations including duty free, food and beverage, ground handling, IT, security and operation services. Within the same context, TAV Airports also operates duty free, food and beverage and other commercial areas at Riga Airport in Latvia. Together with its subsidiaries, the Company provided services to 808,000 flights and 104 million passengers in 2016.