Related Companies
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[AYGAZ, YKBNK]
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Related Funds
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[]
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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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oda_UpdateAnnouncementFlag|
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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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30.11.2019, 30.12.2019, 29.01.2020
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForAcquisition|
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29/11/2019
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Koç Finansal Hizmetler A.Ş. (KFS) and Yapı ve Kredi Bankası A.Ş. (YKB)
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Banking
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oda_CapitalOfNoncurrentFinancialAsset|
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YKB: 8.447.051.284 TL KFS: 6.400.600.000 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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05/02/2020
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oda_AcquisitionConditions|
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Diğer (Other)
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oda_DetailedConditionsIfItIsATimedPayment|
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Explained below.
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oda_NominalValueOfSharesAcquired|
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YKB: 762.197.343,00 TL KFS: 2.705.122.448,85 TL
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oda_PurchasePricePerShare|
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For shares of a nominal value of TL 1 YKB: 2,1220 TL KFS: 2,0061 TL
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oda_TotalPurchasingValue|
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YKB: 1.617.382.762 TL KFS: 5.426.643.165 TL
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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YKB: 9,02% KFS: 42,26%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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YKB: 9,02% directly KFS: 84,53% directly
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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YKB: 9,02% directly KFS: 84,53% directly
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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YKB: 1,1% KFS: 3,7%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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YKB: 1,1% KFS: 3,8%
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oda_EffectsOnCompanyOperations|
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YKB, a joint venture of Koç Holding and UniCredit prior to the transaction, became a subsidiary of Koç Holding after the transaction.
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oda_DidTakeoverBidObligationArised|
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Hayır (No)
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oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
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Hayır (No)
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oda_TitleNameSurnameOfCounterParty|
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YKB shares have been purchased from KFS whereas KFS shares have been purchased from UniCredit.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Evet (Yes)
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oda_RelationWithCounterPartyIfAny|
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The owner of YKB shares, KFS, a joint venture of Koç Holding and UniCredit prior to the transaction, became a subsidiary of Koç Holding. UniCredit is not a related party.
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oda_AgreementSigningDateIfExists|
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30/11/2019
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Value determined based on the negotiations
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Valuation report has not been prepared as it is not required pursuant to the regulation.
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oda_DateAndNumberOfValuationReport|
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-
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oda_TitleOfValuationCompanyPreparedReport|
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-
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oda_ValueDeterminedInValuationReportIfExists|
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-
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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-
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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In relation to our announcement on 30.11.2019 about the "YKB Share Sale and Purchase Agreement" and "KFS Share Sale and Purchase Agreement" regarding shares of Koç Holding A.Ş. and UniCredit S.P.A.'s (UniCredit) jointly controlled entities Koç Finansal Hizmetler A.Ş. (KFS) and Yapı ve Kredi Bankası A.Ş. (YKB), parties have acknowledged that conditions defined in the agreements have been fulfilled. Accordingly share transfers have been made, provided that the payments and assignment of receivables will be made on the business day following the closing. Also, the Shareholders Agreement between Koç Group and UniCredit have been terminated as of today. Upon Completion, 100% of the shares representing KFS share capital have been transferred to Koç Group (Koç Holding, Koç Family, Koç companies and related foundations) pro-rata their current shareholdings in KFS; and the shares of Koç Holding increased from 42.26% to 84.53% and the shares of Aygaz A.Ş. in KFS increased from 1.97% to 3.93%, both of which are publicly traded companies within Koç Group that hold shares in KFS. Koç Holding, which prior to the transaction did not hold any direct shares in YKB share capital, currently holds 9,02% of YKB share capital whereas UniCredit directly has 31,93% thereof. As a result, Koç Group's current direct and indirect stake in YKB currently amounting to 40,97% increased by 9,02%.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, 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.