Turkish Airlines agrees to acquire a minority stake in Europa Air for 300 million euros.

Europa Airways has accepted a binding proposal from Turkish Airlines to acquire a minority stake, as disclosed by Turkish Airlines in documents submitted on Tuesday evening. The transaction involves a 300 million investment, most of which will be in the form of capital increase. The specific percentage of the minority stake to be acquired will be determined through technical and financial adjustments upon completion of the transaction. Turkish Airlines expects the transaction to be completed within 6 to 12 months. Regulatory approval will be required for the transaction to proceed.