Closing of the GE deal
Closing of the GE deal
Doğuş Holding A.Ş. and the Turkish subsidiary of GE Capital Corporation (“GE”) today announced that following regulatory approval, the parties have completed the acquisition by GE of a 25.5% share in Garanti Bank. Under the terms of the agreement, GE has acquired from the Doğuş Group 25.5% of Garanti Bank’s ordinary shares for a cash consideration of $1.556 billion.