ICBC Turkey Bank, ordinary share
ICBCT.E, TRATEKST91N0

The Bank used to be a member of GSD Group, until the date of May 21st, 2015. On April 29th, 2014, an agreement has been reached for the sale of 75.50% of the shares of the ...

The Bank used to be a member of GSD Group, until the date of May 21st, 2015. On April 29th, 2014, an agreement has been reached for the sale of 75.50% of the shares of the Bank, held by GSD Holding A.Ş., the main shareholder of the Bank, to Industrial and Commercial Bank of China Limited (ICBC) and it has been declared that authorisation has been given by the China Banking Regulatory Commission, the banking authority of the People’s Republic of China, for said transaction on the date of March 20th, 2015 and approvals have been taken in Turkey from the Competition Authority/ In this context, as a result of mandatory bid offer transactions made by ICBC, the controlling shareholder of the Main Partnership Bank, according to the “Communiqué Serial II, No.26.1, on Bid Offers”, and which expired on August 14th, 2015; shares of the Bank held by ICBC, increased from 75.50%, to the rate of 92.8%. Shares other than those held by ICBC, are traded on Istanbul Stock Exchange (BIST). On the date of November 13th, 2015, trade name of our Bank has been changed to “ICBC Turkey Bank A.S.”.