Related Companies
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[GARFA, GRNYO]
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Related Funds
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English
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Evet (Yes)
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Hayır (No)
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November 15, 2021, November 18, 2021, March 31, 2022, April 1, 2022, April 25, 2022
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Hayır (No)
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Banco Bilbao Vizcaya Argentaria, S.A. ("BBVA"), has informed Türkiye Garanti Bankası A.Ş. ("Garanti BBVA") of the following: As a result of the purchases within the scope of voluntary tender offer ("VTO") launched by BBVA for the entire share capital of Garanti BBVA not already owned by BBVA, as of April 25, 2022, BBVA's direct shareholding at Garanti BBVA exceeded 50.0% and also acquired the indirect management control (as defined in the Communiqué on Takeover Bids (Pay Alım Teklifi Tebliği) no. II-26.1 ("Communiqué")) at Garanti Faktoring A.Ş. ("Garanti Faktoring") and Garanti Yatırım Ortaklığı A.Ş. ("Garanti Yatırım Ortaklığı"), two fully consolidated subsidiaries of Garanti BBVA both of which are listed at Borsa İstanbul. Taking into consideration that the VTO is primarily aimed at increasing BBVA's stake in Garanti BBVA (and not in these two listed subsidiaries) and the fact that these two subsidiaries do not constitute a material portion of Garanti BBVA's business, BBVA will apply to the Capital Markets Board of Turkey for an exemption from launching mandatory tender offer for both of Garanti Faktoring and Garanti Yatırım Ortaklığı pursuant to the article (18)(1)(c) of the Communiqué. *In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.