Russia's Alfa Telecom says ready to sell Turkcell stake for $2.7 billion
Reuters
Published Mar 25, 2016 16:41
Russia's Alfa Telecom says ready to sell Turkcell stake for $2.7 billion
ISTANBUL (Reuters) - Russia's Alfa Telecom said on Friday it was ready to sell a 13.22 percent indirect stake in Turkcell (IS:TCELL) (N:TKC) to Turkey's Cukurova and Ziraat Bank for a total of around $2.7 billion, according to a statement to the Istanbul bourse.
Alfa said it was willing to sell 49 class A shares in Cukurova Telecom Holdings Limited, which correspond to a 13.22 percent stake in Turkcell, for $54.9 million per share, the statement said.
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Written By: Reuters
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