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Ad-hoc-Meldung/Ad hoc Release nach § 15 WpHG/pursuant to § 15 of the German Securities Trading Act - Kocbank purchases additional shares of Yapi ve Kredi Bankasi A.S.

 

 

Ad-hoc-Meldung/Ad hoc Release nach § 15 WpHG/pursuant to § 15 of the German Securities Trading Act
Kocbank purchases additional shares of Yapi ve Kredi Bankasi A.S.

UniCredit announces that Koçbank A.S. ("Koçbank"), a 99.8% subsidiary of Koç Financial Services A.S., the 50/50 joint venture between UniCredit and Koç Group, has purchased 19,561,111 shares of Yapi ve Kredi Bankasi A.S. ("Yapi") (of which ca. 5.9 million shares already held indirectly by Koçbank through Anatolia Investment Fund, in turn controlled by Yapi) for a consideration of ca. YTL 161 million (ca. €99 million at current exchange rate). As a result of the acquisition of these shares Koçbank's overall shareholding in Yapi's share capital has increased from ca. 65.5% to ca. 67.3%. Consequently, Koçbank has achieved an ownership level sufficient to reach the constitutive quorum required, pursuant to Turkish laws, for the approval of extraordinary transactions by the Shareholders' Meeting of Yapi.


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