December 22, 2018 / 6:56 AM / a month ago

OTAS shares in Turk Telekom transferred to SPV -three banks

ISTANBUL, Dec 22 (Reuters) - Turk Telekom shares previously held by Ojer Telekom (OTAS) have been transferred to a special purpose vehicle, three Turkish banks said in a statement on Saturday.

The main objective is to create an environment where Turk Telekom shares can be transferred to a “competent” investor, Is Bank, Garanti Bank and Akbank said. Ojer held a 55 percent share in Turk Telekom. (Reporting by Can Sezer Writing by Ali Kucukgocmen)

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