About the acquisition of the shares in Levent Yapılandırma Yönetimi A.Ş.
About the acquisition of the shares in Levent Yapılandırma Yönetimi A.Ş.
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.Ş. (OTAŞ), the major shareholder of Türk Telekomünikasyon A.Ş. (Türk Telekom) provided under the loan agreements. It was contemplated that 192.500.000.000 Class A shares owned by OTAŞ in Türk Telekom, representing 55% of Türk Telekom's issued share capital, which have been pledged as security for the existing loan facilities of OTAŞ, 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%.