Brief: ARY Holding Says It Completes Sale Of Entire 32.08% Stake In Tekfen To Libco
BRIEF-ARY Holding Says It Completes Sale Of Entire 32.08% Stake In Tekfen To Libco Aug 5 (Reuters) - ARY HOLDING:
IT HAS COMPLETED SALE OF ITS DIRECT AND INDIRECT 32.08% STAKE IN TEKFEN HOLDING TO LIBCO INSAAT
STAKE SALE COVERED ARY HOLDING'S DIRECT 23.40% HOLDING IN TEKFEN AND AN INDIRECT 8.68% STAKE HELD THROUGH VERA TICARI DANISMANLIK
FOLLOWING COMPLETION OF TRANSACTION, LIBCO DIRECTLY AND INDIRECTLY OWNS SHARES REPRESENTING 32.08% OF TEKFEN'S CAPITAL, WHILE ARY HOLDING NO LONGER HOLDS ANY STAKE IN COMPANY
SHARE TRANSFER WAS EXECUTED AT A PRICE OF 193.98 LIRA PER SHARE, CALCULATED USING TURKISH CENTRAL BANK'S FOREIGN EXCHANGE BUYING RATE APPLICABLE ONE DAY BEFORE CLOSING
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