TAV IT

TAV AIRPORTS HOLDING AND ITS SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
AS AT AND FOR THE YEAR ENDED 31 DECEMBER 2008
(Amounts expressed in Euro unless otherwise stated)
42. EVENTS AFTER THE BALANCE SHEET DATE
• On 20 February 2009, TAV Holding has increased its capital to TRY 363,281,250 from TRY 242,187,500 within the Company’s
TRY 1.5 billion maximum registered capital limit and the amount is fully paid in February 2009,
• TAV Tunisie syndication was completed on 27 February 2009. The following financial institutions signed Loan Agreements with
TAV Tunisie and joined the syndication as parallel lenders with a total commitment amount of EUR 190,000,000 (replacing
current lenders’ commitments in the same amount).
European Investment Bank (EIB) : EUR 70,000,000
African Development Bank (AfDB) : EUR 70,000,000
Proparco : EUR 30,000,000
OPEC Fund for International Development (OFID) : EUR 20,000,000
• On 3 March 2009, joint venture of TAV Holding and Skonto Buve LTD, a construction company headquartered in Latvia with
a shareholding structure of 50%-50% has been selected to operate SJSC Riga International Airport (for the infrastructure
development and the operation of the airport). In year 2008, SJSC Riga International Airport served 3.7 million passengers, while
the number of passengers that the Airport has been serving had registered a 39% CAGR growth between the years 2003-2008.
• On 4 February and 4 March 2009, TAV İstanbul has drawn additional bank loan for trigenaration project. The total amount of the
new portion is EUR 5 million with an average interest rate of Euribor+2.50% and final maturity of 4 January 2019.
• According to the decree of the Council of Ministers numbered 2007/11963 and dated 4 April 2007, for the currency unit of the
Republic of Turkey, the term “New” in the name of the national currency has been removed effective from 1 January 2009.