UAE/TURKISH BUSINESS RELATIONS

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• Turkish company in talks with Dubai firm

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  Dr. Nilgün Birgören    Premium Member   Group moderator

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  Turkish company in talks with Dubai firm

  Çelebi Aviation Holding, a subsidiary of the Çelebi Group active in ground handling and food business, has undersigned a non-binding letter of intent with Dubai-based Abraaj Investment Management to equally share its shares.
  
  The family – Can Çelebioğlu, Canan Çelebioğlu Tokgöz and Engin Çelebioğlu – will handle half of their 99.99 percent of shares in addition to half of the 22.63 percent shares at Çelebi Ground Handling owned by the company to the United Arab Emirates company, according to a filing the group submitted to the Istanbul Stock Exchange (ISE).
  
  The parties would equally control a company that all shares will be transferred to.
  
  The move would be a further step to support the company’s global growth.
  
  The group undertakes ground-handling businesses in Turkiye, Hungary, Belgium and India.
  
  • 22 Mar 2011, 5:08 pm
  Dr. Nilgün Birgören wrote: > Çelebi Aviation Holding, a subsidiary of the Çelebi Group active in > ground handling and food business, has undersigned a non-binding > letter of intent with Dubai-based Abraaj Investment Management to > equally share its shares. > > The family – Can Çelebioğlu, Canan Çelebioğlu Tokgöz and Engin > Çelebioğlu – will handle half of their 99.99 percent of shares in > addition to half of the 22.63 percent shares at Çelebi Ground > Handling owned by the company to the United Arab Emirates company, > according to a filing the group submitted to the Istanbul Stock > Exchange (ISE). > > The parties would equally control a company that all shares will be > transferred to. > > The move would be a further step to support the company’s global > growth. > > The group undertakes ground-handling businesses in Turkiye, Hungary, > Belgium and India.