Doğuş Group

A corporate entity owned by George Procopiou, one of Greece's leading shipowners, has spent about 150 million euros on acquiring a third of the shares of the Apollo Investment Holdco SA company that controls the emblematic Astir Palace resort at Vouliagmeni, southern Athens.

According to unconfirmed reports, shipowner George Prokopiou has reached an agreement to acquire a stake exceeding 30% in Astera Vouliagmenis.

It is currently unclear whether this stake pertains to the Turkish Dogus participation (33%) or if it involves a share from the Arab owners, with discussions indicating that the price is around 300 million euros.

A Turkish company has provided ballistic protective helmets and flak jackets to Ukrainian President Volodymyr Zelensky and his team.

Kalyon Enerji, the developer of the largest solar facility in Turkey, on Nov. 30 signed a $812 million loan agreement with six Turkish banks, U.S. lender JPMorgan Chase & Co and U.K. Export Finance (UKEF).

The Spanish bank that owns a 49.85 percent share in Garanti BBVA launched a voluntary takeover bid yesterday for the rest of the stakes in the Turkish lender at a price of 12.20 Turkish Liras ($1.22) per share.

New cruise ship port, Galataport, which is being developed jointly by Doğuş Group and Bilgili Holding in Istanbul's Karaköy district along 1,200 meters of coastline, will welcome its first cruise ship in April 2020.

Turkey's Doğuş Holding is about to finalize a deal with banks to "retime" its 2.3 billion euro loan for a six-year due, the group chair has said, noting that this process should not be labeled "restructuring."

Turkey's Doğuş Holding said on July 12 its refinancing talks were at a final stage and that claims the negotiations had ended in disagreement were not true.

Doğuş Group's social responsibility platform 'A Place for Art' has opened a joint exhibition at Istanbul's Bomontiada. The exhibition, featuring works by young artists, can be visited between June 22 and 24.

Turkey's Doğuş Holding is in talks with banks on debt restructuring, sources familiar with the matter said on April 7.