Bloomberg News

Yapi Kredi Leasing Unit to Apply to Delist Shares in Istanbul

March 01, 2012

Yapi Kredi Finansal Kiralama AO (YKFIN), the leasing unit of Turkish Yapi & Kredi Bankasi AS (YKBNK), will apply to the market regulator and the Istanbul Stock Exchange to delist its shares.

Yapi Kredi Finansal will propose a share price of 5.02 liras ($2.9) for the purchase of minority shares by its owner, it said in a statement to the Istanbul Stock Exchange after the market closed yesterday. Yapi Kredi Bank, owned by UniCredit SpA (UCG) and Koc Holding AS (KCHOL), controls a 98.9 percent stake in Yapi Kredi Finansal and will apply for a share call after regulator approvals, the bank said in a filing with the bourse yesterday.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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