End of voluntary tender
End of voluntary tender
Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), has informed Türkiye Garanti Bankası A.Ş. (“Garanti BBVA”) of the following: The voluntary tender offer process launched by BBVA for the entire share capital of Garanti BBVA (“VTO”) and approved by the Capital Markets Board of Turkey in accordance with the Communiqué on Takeover Bids (Pay Alım Teklifi Tebliği) no. II-26.1 on March 31, 2022, in their letter numbered E29833736-110.05.05-19391 and dated March 31, 2022 ended as of today, May 18, 2022, in accordance with our disclosures mentioned above.
During the VTO process, BBVA acquired shares of Garanti BBVA with a total nominal value of TRY 1,517,195,890.189, which corresponds to 36.12% of Garanti BBVA’s total share capital. The total consideration paid by BBVA for such shares is TRY 22,757,938,352.85.
As a result of the VTO, as of the date of this disclosure, the total share capital of Garanti BBVA owned by BBVA reached 85.97%. For further information regarding Garanti BBVA’s shareholding structure, please refer to the disclosure published by Garanti Yatırım Menkul Kıymetler A.Ş. on the Public Disclosure Platform.