Esenboga Elektrik Says It Completes Accelerated Bookbuilding Sale Of 2.91% Margun Stake, Total Proceeds From Sale Is 4.59 Bln Lira

About this update from Margun Enerji Uretim Sanayi Ve Ticaret A.s.

ESENBOĞA ELEKTRİK ÜRETİM BIST:ESEN:SAID ON TUESDAY HAS COMPLETES AN ACCELERATED BOOKBUILDING PROCESS FOR SALE OF SHARES REPRESENTING 2.91% OF CAPITAL OF MARGUN ENERJI TO DOMESTIC AND INTERNATIONAL INSTITUTIONAL INVESTORSUBS AND UNLU MENKUL DEGERLER WERE MANDATED TO RUN ACCELERATED BOOKBUILDING PROCESSDEMAND WAS RECEIVED FOR THE FULL 85.8 MILLION LIRA NOMINAL VALUE OF SHARES AT 53.55 LIRA EACHTOTAL PROCEEDS FROM SALE REACHED 4.59 BILLION LIRAFOLLOWING COMPLETION OF THE TRANSACTION, ESENBOGA'S STAKE IN MARGUN WILL FALL TO 72.7%, WHILE MARGUN'S FREE FLOAT WILL RISE TO 27.3%PROCEEDS FROM THE SHARE SALE WILL BE EXTENDED TO MARGUN AS A SHAREHOLDER LOAN TO SUPPORT GROWTH OPPORTUNITIESSource text for Workspace:Further company coverage:

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