Dow Jones received a payment from EQS/DGAP to publish this press release.
Turkiye Garanti Bankasi A.S. (TGBD)
The acquisition of the shares in Levent Yapilandirma Yönetimi A.S
21-Dec-2018 / 22:24 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
TO: Investment Community
FROM: Garanti Bank / Investor Relations
........................................
SUBJECT: About the acquisition of the shares in Levent Yapilandirma Yönetimi
A.S.
..............................................................................
...
DATE: December 21, 2018
Subject: Regulatory Public Disclosure Dated 06.07.2018
It had been disclosed on 06.07.2018 that all creditors including our Bank have
reached an agreement on restructuring the debts of Ojer Telekomünikasyon A.S.
(OTAS), the major shareholder of Türk Telekomünikasyon A.S. (Türk Telekom)
provided under the loan agreements. It was contemplated that 192.500.000.000
Class A shares owned by OTAS in Türk Telekom, representing 55% of Türk
Telekom's issued share capital, which have been pledged as security for the
existing loan facilities of OTAS, would be taken over by a special purpose
vehicle incorporated or to be incorporated in the Republic of Turkey, owned
directly or indirectly by the creditors.
Based on the above it has been decided that our bank will participate to the
special purpose vehicle established in Istanbul with a shareholding of
22.1265%.
In contradiction between the Turkish and English versions of this public
disclosure, the Turkish version shall prevail.
We declare that our above statements are in conformity with the principles
included in the Board's Communiqué, Serial II Nr.15.1, that it exactly
reflects the information we received; that the information complies with our
records, books and documents; that we did our best to obtain the correct and
complete information relative to this subject and that we are responsible for
the declarations made in this regard.
Yours sincerely,
Garanti Bank
Contact Garanti Bank Investor Relations:
Tel: +90 212 318 2352
.....................
Fax: +90 212 216 5902
.....................
E-mail: investorrelations@garanti.com.tr
........................................
www.garantiinvestorrelations.com [1]
....................................
ISIN: US9001487019
Category Code: MSCL
TIDM: TGBD
OAM Categories: 3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 6986
EQS News ID: 761759
End of Announcement EQS News Service
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=595ef4909981a1f1a77eaa7d6eb493a3&application_id=761759&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
December 21, 2018 17:25 ET (22:25 GMT)
© 2018 Dow Jones News