[ad_1]
Ali Agaoglu said that they would reduce their debts by selling 4-5% of their assets. Agaoglu said he was seeing stagnation in almost all sectors in an environment where interest rates and exchange rates are rising and he added that the situation was no different in the sector. construction.
Interview with Bloomberg Ali Aghaoglu
Agaoglu said he observed stagnation in almost all sectors in an environment of heightened interest and exchange rate, he said. Agaoglu denied these claims stating that he was one of the most affected by stagnation in the construction sector because he was "very highly rated": "We have a lot more assets our bank debt and we are one of the strongest companies of this period. we will leave this period behind us. "
At the beginning of the sacrifices Ağaoğlu, Chairman of the Board of Directors of the Ağaoğlu Group of Companies, we sell assets by lowering certain prices.At the end of 2018, Agaoglu said that she had the & The intention was to reduce this rate in half and it planned to sell 4 to 5% of its assets in this context.
HOT STRATEGIC PARTNERSHIP
Ağaoğlu of interest He also says that the bank's debts are due to the long-term financial center of Istanbul and that he has invested up to now 400 million dollars in the project and has added: "We have twice tried to involve foreign partners in the project. However, we are always looking forward to having a strategic partner. "
Keeping in mind that until 2016, the bank loans in the balance sheets are void, Agaoglu said that they had to borrow because of the financial center." Agaoglu said: "We invested in equities for the first three or four years, we used only $ 110 million of our $ 400 million investment as a bank loan, and we closed it to support the burden of debt. Interest in this loan in 2016 and 2017. "
House price rises of about 20 fell to 10% in April, and the slowdown is even more severe in Istanbul, the driving force behind the housing sector. Annual rate of increase in Istanbul was 3.80% at the end of April.
Source link
