Like many other Turkish companies Dogus Holding AS is struggling to repay foreign-exchange loans after the lira plunged. FMTNews
Dogus Holding AS owns the Nusr-Et steakhouse, popularly known by its founder chef’s meme Salt Bae.
Dogus, which has interests spanning restaurants, entertainment outlets, marinas and car-distribution businesses, wants to cut its €2.3 billion of restructured debt to below €2 billion this year and to €1.5 billion by the end of 2020 through the sales, he said. Dogus Gayrimenkul Yatirim Ortakligi AS, a real estate developer, rose as much as 9.3% to the highest level since June 24 after gaining 6% on Tuesday.
Dogus has been selling hotels and stakes in restaurants, which Moody’s Investors Service said in May amount to about €625 million, to honour the restructuring deal with lenders.
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