Picture of Turkiye Sigorta AS logo

TURSG.E Turkiye Sigorta AS News Story

0.000.00%
tr flag iconLast trade - 00:00
FinancialsSpeculativeMid CapNeutral

Brief: Turkiye Sigorta Says Majority Shareholder TVF Finansal Yatirimlar To Sell Up To Nominal Shares Of 450 Mln Lira In Türkiye Sigorta

May 14 (Reuters) - Turkiye Sigorta AS TURSG.IS:

TURKIYE SIGORTA - MAJORITY SHAREHOLDER TVF FİNANSAL YATIRIMLAR TO SELL UP TO NOMINAL SHARES OF 450 MILLION LIRA  IN TÜRKİYE SİGORTA

IT  CORRESPONDS TO 4.50% OF TÜRKIYE SIGORTA'S ISSUED SHARE CAPITAL

CURRENT HOLDING OF SHARES WITH A TOTAL NOMINAL VALUE OF TRY 8.1 BILLION LIRA  AND REPRESENTING 81.1% OF THE ISSUED SHARE CAPITAL OF TÜRKIYE SIGORTA

TURKIYE SIGORTA - TVF FİNANSAL YATIRIMLAR STAKE TO FALL TO 76.60% IF ALL SHARES SOLD

FINAL TERMS AND CONDITIONS OF TRANSACTION, SUCH AS NUMBER OF SHARES TO BE SOLD AND THE SALE PRICE WILL BE DETERMINED IN ACCORDANCE WITH THE ACCELERATED BOOKBUILDING PROCESS

FOLLOWING TRANSACTION, IF ALL OF THE SHARES ARE SOLD THE DIRECT SHAREHOLDING INTEREST OF TVF FINANSAL YATIRIMLAR IN TÜRKIYE SIGORTA AND THE TÜRKIYE SIGORTA'S FREE FLOAT ARE EXPECTED TO BE 76.60% AND 23.40%, RESPECTIVELY

TURKIYE SIGORTA  - TVF FİNANSAL YATIRIMLAR AGREES TO 90-DAY LOCK-UP ON REMAINING TÜRKİYE SİGORTA SHARES

Source text: ID:nIKA2pVLXc

Further company coverage: TURSG.IS

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

Recent news on Turkiye Sigorta AS

See all news