Board Approval for Garanti REIT Offer
Board Approval for Garanti REIT Offer
On November 2, 2006, Garanti Bankası A.Ş. board of directors accepted the purchase offer jointly made by GE Real Estate Europe ("GE Real Estate") and Doğuş Holding A.S ("Doğuş") to acquire its 50.98% stake held in the publicly listed real estate investment company, Garanti Gayrimenkul Yatırım Ortaklığı A.Ş (the "Garanti REIT").