February 5, 2014 / 1:16 PM / in 4 years

Deadline for Cukurova payment in row over Turkcell stake pushed back

ISTANBUL, Feb 5 (Reuters) - The deadline for Turkey’s Cukurova Group to pay the $1.6 billion needed to recover a disputed controlling stake in Turkey’s biggest mobile phone operator Turkcell has been pushed back, a British court said on Wednesday.

The Privy Council said that the deadline would be postponed until 60 days after a ruling in a separate case being heard over the dispute between major Turkcell shareholders by the U.S. Court of Appeals in New York.

Reporting by Ece Toksabay; Editing by Nick Tattersall

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