In the Bloomberg news that hit the markets in the early hours of the morning, it was stated that “United Arab Emirates-based First Abu Dhabi Bank is in talks to buy Yapı Kredi shares.
Bloomberg’s report stated that First Abu Dhabi Bank PJSC was in talks for a potential share purchase from Yapı Kredi Bank and that the talks were still at an early stage.
Upon this news, Koç Holding made the following statement on the Public Disclosure Platform.
“There has been some news on the media stating that a bank operating in the Middle East region is studying acquisition targets among Turkish banks, including our subsidiary Yapi ve Kredi Bankası A.Ş. (YKB), and in this context, discussions have been made for the potential purchase of YKB shares.
As an investment holding company, we may evaluate alternatives regarding our portfolio and engage in discussions with relevant parties as necessary at all times. In case a concrete decision is reached as a result of such assessments, necessary disclosures are made in accordance with the Capital Market Board’s Communique II-15.1 on Material Events Disclosure.
In this context, there is no development regarding the news in the media that requires us to make a public disclosure within the framework of the Communique; yet this disclosure is made upon the questions we received from our investors.”