Limak Holding

Istanbul's new airport does not need additional financing and Turkish Airlines will not be a partner in the airport consortium, the chairman of airport shareholder Limak Holding told Reuters.

Bulgaria has extended the deadline for submitting bids to run Sofia airport for a second time, to Jan. 29, after numerous requests for clarification about the concession contract, a transport ministry spokesman said on Wednesday, reports Rueters.

Limak Holding Chair Nihat Özdemir has complained about the lack of mid-level staff at a time when unemployment rate in Turkey is running high.

Turkish President Recep Tayyip Erdoğan on May 8 said he aimed to boost economic and military ties with Arab Gulf states, as talks on a free trade zone deal pushed ahead.

Erdoğan, who is expected in Kuwait on May 9, said Ankara was involved in "high level strategic dialogue" with the six-nation Gulf Cooperation Council (GCC), the state-run KUNA news agency reported.

Many leading tourism investments and five-star hotels, located on 2.3 million square meters of land, have been transferred from Turkey's state treasury to the newly introduced Turkish Wealth Fund as well as a number of leading public companies and lenders. 

Turkey's Limak Holding, Russia's VTB Capital and Switzerland's Flughafen Zuerich will together bid for the 35-year operation rights of an airport in the Bulgarian capital Sofia, a source close to the matter told Reuters. 

In September Bulgaria extended the deadline for bids in the tender by a month, to Nov. 18, due to increased interest in the process.

Three Turkish companies that have cooperated on several large projects in the last decade have peacefully parted ways in the power distribution business, Limak Holding Chairman Nihat Özdemir told daily Hürriyet on the sidelines of Oct. 29 Republic Day celebrations at the Presidential Palace in Ankara.

Tekfen Construction has won a supply and construction contract worth $457 million from the Trans-Anatolian Natural Gas Pipeline Project (TANAP) project, it said in a written statement on Feb. 17.

The company will complete the project in 39 months.

A total 11 companies won the right to bid in the tender, which was opened on June 26, 2015, according to a statement from TANAP. 

Limak Holding Chairman Nihat Özdemir has said a loan package worth 4.5 billion euros will be signed with six banks to finance the first stage consortium works of Istanbul?s new airport on Oct. 19. 

Some 70 percent of the package will be held by state-run banks, he noted at a meeting organized by the monthly magazine Capital on Oct. 7. 

Turkey?s Limak said on May 27 it had secured a 395-million-euro ($430.75 million) long-term project finance loan as part of a $520 million investment to modernize the Hamitabat power plant in northwest Turkey.

UniCredit, Yap? Kredi, ING, KFW IPEX and DZ Bank participated in the deal.