The Fund provides regional investors an opportunity to diversify their holdings across the emerging markets of Asia and North Africa.
The Opportunistic Fund II evaluates the opportunities across 17 different countries in the MENA region including India and China. The fund is one of three private equity funds being managed by Global. The Fund will provide regional investors an opportunity to diversify their holdings across the emerging markets of Asia and North Africa, especially in the high growth economies such as China, India, Pakistan and Turkey.
TAV Group currently operates in Istanbul Atatürk Airport Domestic, International and General Aviation Terminals. TAV airport Holding Co. managed the airport and aviation services since July 3, 2005 for a period of 15.5 years under an operational lease with 5.5 years of BOT model in Atatürk International Terminal. Through its strong presence and relationships in these key markets TAV Group Holding Co. is ideally positioned to capitalize on these opportunities.
In addition, TAV Airports Group also manages and operates the following airports under long-term BOT contracts: Ankara's Esenboga Airport Domestic and International Terminals, and Izmir's Adnan Menderes Airport International Terminal in Turkey; and Tblisi Airport in the Georgian Republic. Izmir Adnan Menderes and Ankara Esenboga Airport Terminals will be operational in September and October 2006, respectively.
The Holding Co. also includes Havas, a leading ground handling services company; ATU, Turkey's largest duty free operator; BTA, a food and beverage company; an aviation security arm; an airport operations and maintenance company; and an IT services provider specializing in airport applications.
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Global Opportunistic Fund II invests in Turkish leading airports operations company
- Kuwait: Wednesday, August 23 - 2006 at 08:50
- PRESS RELEASE
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Global Investment House (Global) announced that its Global Opportunistic Fund II has invested USD 75 million in TAV airport Holding Co., the holding company for Turkey airport development, management and operating group, formerly known as TAV HAVALIMANLARI ISLETME A.S.
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Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, August 23 - 2006 at 08:50 UAE local time (GMT+4)
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This article was updated on Sun Oct 29 2006.
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About Global Investment House "Global"
Global Investment House "Global" is a full-fledged investment company incorporated in 1998, and falls under the regulation of the Central Bank of Kuwait. Its underlying foundation is to meet the high expectations of local and international clients, and to enhance the investment service industry in Kuwait and the region. Today, Global stock lists on the Kuwait, Bahrain, and Dubai Stock Exchanges, with branches and affiliates in Bahrain, Dubai and Abu Dhabi (UAE), Jordan, Qatar, and Sudan. Global plays an important role in promoting investment opportunities in the Arabian Gulf Peninsula to investors through expert financial engineering, in-depth research and reports to advance the capital market in the region. Thus, Global's achievements have been recognized on local, regional, and international levels. The company's current assets under management reached KD1.9 billion (USD6.7 billion) on June 30, 2006.
For more information about Global, please contact Khaled A. AlAttar, Assistant Manager Media Relations. Tel: (965) 240-0551 Ext. 402; Fax: (965) 242-0498; P.O. Box: 28807 Safat, 13149 Kuwait.
About TAV Airports (www.tav.aero)
TAV Airports is the largest and the only fully integrated airport operating and aviation
services group in Turkey. The Group was established in 1997 by a consortium led by
two leading Turkish construction groups: Tepe Construction and Akfen Construction, after it was awarded the BOT (Build, Operate and Transfer) contract for the New Istanbul Atatürk Airport International Terminal Complex. Following the successful commissioning of this maiden undertaking, TAV Airports went on to win a number of other domestic and overseas projects, including Ankara Esenboga Airport, Izmir Adnan Menderes Airport, Tblisi and Batumi Airports in the Georgian Republic. The Group has
specialist subsidiaries providing the whole range of airport services, from ground handling and terminal operations and management, to duty free and food and beverage retailing.
Global Investment House "Global" is a full-fledged investment company incorporated in 1998, and falls under the regulation of the Central Bank of Kuwait. Its underlying foundation is to meet the high expectations of local and international clients, and to enhance the investment service industry in Kuwait and the region. Today, Global stock lists on the Kuwait, Bahrain, and Dubai Stock Exchanges, with branches and affiliates in Bahrain, Dubai and Abu Dhabi (UAE), Jordan, Qatar, and Sudan. Global plays an important role in promoting investment opportunities in the Arabian Gulf Peninsula to investors through expert financial engineering, in-depth research and reports to advance the capital market in the region. Thus, Global's achievements have been recognized on local, regional, and international levels. The company's current assets under management reached KD1.9 billion (USD6.7 billion) on June 30, 2006.
For more information about Global, please contact Khaled A. AlAttar, Assistant Manager Media Relations. Tel: (965) 240-0551 Ext. 402; Fax: (965) 242-0498; P.O. Box: 28807 Safat, 13149 Kuwait.
About TAV Airports (www.tav.aero)
TAV Airports is the largest and the only fully integrated airport operating and aviation
services group in Turkey. The Group was established in 1997 by a consortium led by
two leading Turkish construction groups: Tepe Construction and Akfen Construction, after it was awarded the BOT (Build, Operate and Transfer) contract for the New Istanbul Atatürk Airport International Terminal Complex. Following the successful commissioning of this maiden undertaking, TAV Airports went on to win a number of other domestic and overseas projects, including Ankara Esenboga Airport, Izmir Adnan Menderes Airport, Tblisi and Batumi Airports in the Georgian Republic. The Group has
specialist subsidiaries providing the whole range of airport services, from ground handling and terminal operations and management, to duty free and food and beverage retailing.
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