Koç Holding announced that preliminary discussions regarding the sale of its shares in Yapı ve Kredi Bankası A.Ş. are ongoing, but there are no developments requiring public disclosure.
In a statement to the Public Disclosure Platform (KAP), Koç Holding addressed recent media reports suggesting that negotiations regarding the sale of its stake in Yapı Kredi were nearing conclusion.
The statement continued as follows:
“As is known, as a holding company, we may conduct discussions with relevant parties to evaluate potential alternatives related to our portfolio. Similar preliminary discussions are ongoing concerning the matter reflected in the media, but there is no development that necessitates public disclosure under the Capital Markets Board’s II-15.1 Communiqué on Material Events.
This statement has been made in response to inquiries from our investors.”
According to a Reuters report citing unnamed sources, First Abu Dhabi Bank (FAB) is continuing negotiations to purchase a 61.2% stake in Yapı Kredi for approximately $8 billion. The sources indicated that Koç Holding is asking for about $8.5 billion for its Yapı Kredi shares, while FAB has offered around $7.5 billion. 💼🏦
Source: investing.com
