Koç Holding Acquires All Shares of YapıKredi

At the beginning of last November, an important news about Yapı Kredi was shared. Italian bank giant UniCredit has decided to sell all of its 20% share in Yapı Kredi, and 18% of it It will be bought by Koç Holding for TL 3.5 billion. had been disclosed. Here is a new development about this transfer of shares of Yapı Kredi.

The Banking Supervision and Regulatory Authority (BDDK) transferred the shares regarding the decision of Italian UniCredit to sell its shares in YapıKredi to Koç Holding. gave consent. In a statement to the Public Disclosure Platform last night, Yapı Kredi stated that other domestic and international approval processes for the completion of the share transfer are continuing.

The full statement shared by Yapı Kredi was as follows:

“Koç Holding A.Ş. As a result of the evaluation made by the Banking Supervision and Regulatory Authority (BDDK), regarding the preconditions specified in the material event disclosure made by our Bank on 09.11.2021 regarding the transfer of our Bank’s shares, the said share transfer is permitted. Other domestic and international approval processes specified in the material event statement dated 09.11.2021 for the completion of the share transfer is ongoingimportant developments on the subject will be shared with our investors.”

Italian bank giant UniCredit terminated its partnership with Yapı Kredi towards the end of 2019. 40.95% share in Yapı Kredi It was below 32%. In February 2020, it sold off another 12% of its 32% share. UniCredit decided to exit the partnership completely by selling its 20% share at the beginning of November.