DenizBank and Dedeman Holding signed a strategic partnership agreement.
A press conference was organized on January 8, 2013 at Dedeman Istanbul Hotel with the participation of DenizBank CEO Hakan Ateş, Dedeman Holding CEO Murat Dedeman, Dedeman Holding Deputy Chairman of the board of directors Nazire Dedeman, and Deniz Yatırım Securities – Executive Board Member Cafer Bakırhan.
Dedeman Holding signed strategic partnership agreement with DenizBank to secure US$175 million in funds for its investment activities. As part of the agreement, Dedeman Holding will use DenizBank for all of its banking activities as well as its public offering planned to be held by the end of 2013 under Deniz Yatırım Securities.
Dedeman Holding will pay back the US$175 million loan over a 10-year period.Murat Dedeman announced that their two hotel brands, Dedeman and Dedeman Park, will continue expanding their franchises as Dedeman Arbil in Iraq, Dedeman Park Gaziantep, Dedeman Bostancı and Dedeman Oskemen in Kazakhstan will be opened in 2013 while Dedeman Park Moscow in Russia and Dedeman Park Levent in Istanbul will become operational in 2014.