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Our Company's Board of Directors has decided to evaluate alternatives for a partial stake sale in our subsidiary Turkcell Ödeme ve Elektronik Para Hizmetleri A.Ş., which offers innovative payments solutions under Paycell brand. The decision has been taken to provide resources to the company pursuant to the strategy of scaling up its overall business by accelerating growth in existing and potential markets. J.P. Morgan Securities plc will be mandated for the management of the sale process and meetings with potential investors will commence this month. |
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.