Brief: Turkcell Says It Completes Share Sale Transaction of Subsidiaries Operating in Ukraine

Turkcell Iletisim Hizmetleri

10/09/2024 06:09

Sept 10 (Reuters) - TURKCELL İLETİŞİM HİZMETLERİ
 TCELL.IS :
    * SAID ON MONDAY TRANSFER OF SHARES, ALONG WITH ALL RIGHTS
AND
LIABILITIES IN LIFECELL LLC, LLC GLOBAL BILGI, AND LLC UKRTOWER,
TURKCELL'S SUBSIDIARIES, TO DVL TELECOM  HAS BEEN COMPLETED
    * DVL TELECOM IS ONE OF NJJ HOLDING GROUP COMPANIES
    * TURKCELL IS NO LONGER A SHAREHOLDER IN THESE SUBSIDIARIES
    * $524.3 MILLION WAS RECEIVED BY TURKCELL AT CLOSING DATE IN
ACCORDANCE WITH  SHARE PURCHASE AGREEMENT
    * FINAL SALES VALUE WILL BE DETERMINED BASED ON CLOSING
ADJUSTMENTS TO BE MADE, BASED ON LEVEL OF NET CASH/DEBT ON
FINANCIAL STATEMENTS TO BE PREPARED AS OF CLOSING DATE

    
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 Further company coverage:  TCELL.IS  

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