AKSİGORTA,BECAME A PARTNER IN MERTER-ISTANBUL SHOPPING CENTER INVESTMENT PROJECT

05.03.2008
SABANCI HOLDING FINANCIAL SERVICES GROUP PRESIDENT AKIN KOZANOĞLU: “WE EXPECT A HIGH YIELD FROM THIS PROJECT”
 
AkSigorta has negotiated and reached an agreement with Apollo European Real Estate Advisors in order to become a partner in the Merter-Istanbul shopping center project with 13 million Euro contribution. By concluding this agreement, AkSigorta has become 25% shareholder of the Merter B.V. company established in the Netherlands having a 50% participation share in the project. 
 
Akın Kozanoğlu, president of Sabancı Holding Financial Services Group and chairman of AkSigorta, declared that the Merter Project is going to be one of the biggest and most important shopping centers of Turkey and that it is expected to be completed in two years.  He further stated;
 
“With this Project, AkSigorta has become the first insurance company in Turkey, implementing “Private Equity” transactions which are widely applied by insurance companies in the world.  We have allocated some part of Aksigorta’s liquidity to this Project from which we are expecting a high yield.  Aksigorta with its innovative approach which is directed by the Sabancı Group is aiming to widen fields of investments, in order to create advantages for its policy holders and shareholders. AkSigorta will also continue such investments in the upcoming periods.  In line with the strategy of Sabancı Holding, Aksigorta will continue growing by creating values. “
About Aksigorta
Aksigorta is a leading insurance company carrying out activities in Turkey, in world standards.  Aksigorta is operating since 1960 aiming to provide both corporate and individual clients highest quality and fair services by also increasing the public’s insurance awareness.  Aksigorta derives its strength from their faithfulness clients and as well as from their 1402 expert agencies who represent their strong institutional culture throughout Turkey.  www.aksigorta.com.tr  Aksigorta Service Center: 444 27 27