United States

Sweden's Telia says to sell 7 pct stake in Turkcell

Monday, 18 Sep 2017 11:15am EDT 

Sept 18 (Reuters) - Telia Company :Telia company announces proposed sale of part of its stake in Turkcell.Says ‍announces launch of an accelerated bookbuilding offering to institutional investors of approximately 153.5 million shares in Turkcell Iletism Hizmetleri A.S. (Turkcell)​.Says ‍proposed stake sale represents approximately 7.0 percent of Turkcell's issued share capital.​.Says ‍will continue to be largest shareholder in Turkcell in economic terms post today's proposed transaction.​.