May 14, 2015 / 7:58 AM / 2 years ago

TAV signs loan agreement for 162 mln euro credit to finance airport operation

ISTANBUL, May 14 (Reuters) - TAV, a Turkish airport builder and operator, said on Thursday it signed an agreement with Istanbul-based Deniz Bank for a 162 million euro ($185 million) loan to finance a new airport project.

The money will go to the firm TAV Milas Bodrum, set up to operate the Milas-Bodrum Airport, a key tourism destination on the Aegean coast, according to an e-mailed statement. TAV won the rights to operate the airport in a state tender in 2014.

$1 = 0.8762 euros Reporting by Ayla Jean Yackley; Editing by Dasha Afanasieva

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