Signing an agreement for the sale of 75.50 % shares of Tekstil Bankası A.Ş. held by GSD Holding A.Ş.
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Signing an agreement for the sale of 75.50 % shares of Tekstil Bankası A.Ş. held by GSD Holding A.Ş.

The closing of the transaction related to the agreement for purchase and sale of shares comprising the sale of 75.50% shares of Tekstil Bankası A.Ş. held by GSD Holding A.Ş. to Industrial and Commercial Bank of China Limited (ICBC) signed on 29 April 2014, completion of the transaction being conditional upon obtaining the necessary regulatory approvals from the relevant regulatory authorities in Turkey and China has been executed between GSD Holding A.Ş. and ICBC on 22 May 2015, the assignment of the shares subject to the agreement to ICBC having been made and entered to the share ledger as of this date. The Extra Ordinary General Assembly Meeting of Tekstil Bankası A.Ş., in which the new members of the board of directors were elected, was held on 22 May 2015. Please click for detailed information.