Telia sells 7% of its stake in Turkcell

Dünya Executive - - OVERVIEW -

Nordic telecoms firm TeliaSoner­a, one of Turkcell’s main shareholde­rs, sold

155 million stocks it directly owned, correspond­ing to 7 percent of Turkcell’s capital, to institutio­nal investors at 11.45 lira ($3.25) per share. With sales of stocks worth 1.77 billion lira in total, Telia’s direct and indirect stake in Turkcell fell from 38 percent to 31 percent. Analysts said there will be no change in the structure of Turkcell’s control after the sale. Telia’s direct shares in Turkcell dropped from 14 percent to 7 percent after the sale, and there was no change in Telia’s 24-percent indirect shareholdi­ng in Turkcell

through Turkcell Holding.

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