Brief: Turkcell Says Ukrainian Court Ordered The Seizure Of Corporate Rights Of Units Lifecell LLC, Ukrtower LLC And Paycell LLC Due To Criminal Proceedings Related To Suspicions Involving Mikhail Fridman; And Turkcell Appealed The Ruling

Turkcell Iletisim Hizmetleri

11/03/2024 05:30

March 11 (Reuters) - TURKCELL ILETISIM HIZMETLERI
 TCELL.IS :
    * TURKCELL SAYS IT HAS BEEN INFORMED THROUGH ITS UKRAINIAN
SUBSIDIARY THAT THEY HAVE RECEIVED AN OFFICIAL RULING FROM A
UKRAINIAN COURT ON MARCH 5, 2024, ORDERING THE SEIZURE OF 19.8%
OF THE CORPORATE RIGHTS OF LIFECELL LLC, AND 100% OF THE
CORPORATE RIGHTS OF UKRTOWER LLC AND PAYCELL LLC, WITHIN THE
CRIMINAL PROCEEDINGS RELATED TO SUSPICIONS INVOLVING MIKHAIL
FRIDMAN
    * TURKCELL SAYS IT BELIEVES THAT MIKHAIL FRIDMAN HAS NO
CONTROL OR
INFLUENCE OVER TURKCELL'S UKRAINIAN UNITS. 
    * TURKCELL SAYS THIS RULING HAS NOT HAD ANY SIGNIFICANT
IMPACT ON
THE DAILY OPERATIONS OF THESE UKRAINIAN SUBSIDIARIES
    * TURKCELL SAYS AN APPEAL TO THE RELATED COURT SUBMITTED ON
MARCH
7, 2024 WITH AN AIM TO CANCEL THE SEIZURES AND OUR SUBSIDIARIES
VIGOROUSLY CONTEST THIS DECISION
    * TURKCELL SAYS COMPLETION OF CONDITIONS PRECEDENT,
INCLUDING THIS
RULING BEING LIFTED, FOR CLOSING REGARDING THE SALE OF UKRAINIAN
ASSETS TO NJJ CAPITAL, ANNOUNCED ON DECEMBER 29, 2023 AND
JANUARY 30, 2024, ARE CONTINUING

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA31qD2L
 Further company coverage:  TCELL.IS  

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