Sale of Insurance Subsidiaries Finalized
Sale of Insurance Subsidiaries Finalized
In relation to the announcement made on the 21st of March 2007 regarding the sale of Garanti’s subsidiaries Garanti Sigorta A.Ş. and Garanti Emeklilik ve Hayat A.Ş., all the regulatory approvals have been obtained and the sale of 80% stake in Garanti Sigorta A.Ş., representing 48,000,000 YTL of nominal shares for 365,000,000 Euro and 15% stake in Garanti Emeklilik ve Hayat A.Ş. representing 7,500,000 YTL of nominal shares for 100,000,000 Euro to Eureko B.V. (Holland) have been finalized as of today.