19th May 2008 10:42
15.05.2008 The Sale of Shares in Anadolu Turizm Insaat ve Ticaret A.S.
As per the resolution of the Board of Directors dated 15.05.2008, Isbank Head Office has been authorized to sell the Bank's 99.96% share in Anadolu Turizm Insaat ve Ticaret A.S. with a nominal value of TRY 49,980 to Nemtas Nemrut Liman Isletmeleri A.S. for an amount of TRY 13,144,740. Isbank Head Office also has been authorized to execute the necessary transactions regarding the aforementioned sale. The following issues are taken into account in determining the share price:
- The valuation of an independent real estate valuation company
- The financial statements of the company.
After the finalization of the sale, Isbank will have no direct share in Anadolu Turizm Insaat ve Ticaret A.S.
Related Shares:
Turkiye Gdr Rgs