The General Assembly at which historic decisions were taken at Turkcell (NYSE:TKC, Financial) (BIST:TCELL), and which has launched a new era for the Company has been completed. The articles stipulating amendments to the Articles of Association of the Company, which the major shareholders of Turkcell had long studied and brought forward to the Turkcell General Assembly have been accepted by the shareholders. Following these amendments along with the share transfer transactions stipulated to be performed among shareholders, Turkey Wealth Fund is expected to become the majority shareholder of Turkcell with 26.2 per cent of the total shares, and LetterOne is expected to increase its share in the Company to 24.8 per cent, while public shares corresponding to 49 percent of the Company remain traded at the Borsa Istanbul and New York Stock Exchange.
Turkcell General Assembly Held, Shareholders Approve Historic Resolutions: Turkey's Turkcell Has Gained Further Strength
Oct 21, 2020
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