Is Yapı Kredi being sold? Statement from Koç Holding to the KAP

Koç Holding stated that there are no ongoing discussions with the QNB Group regarding the sale of the company's shares in Yapı ve Kredi Bankası AŞ.

In a statement made by Koç Holding to the Public Disclosure Platform (KAP), it was noted that following recent baseless comments and rumors on social media, claims have appeared in media outlets suggesting that negotiations are underway or have reached a final stage with the QNB Group regarding the sale of shares held by the company in its subsidiary, Yapı ve Kredi Bankası AŞ.

The statement emphasized that, as previously stated, as a holding company, it is standard practice to conduct studies and discussions regarding potential alternatives for all companies in its portfolio as part of its regular operations; however, it was stressed that no such negotiations as described in the allegations are taking place.

The statement concluded: "On the other hand, as we mentioned in our announcement dated June 13, 2024, we would like to remind the public once again not to give credence to false, incorrect, and baseless statements and comments regarding our company and the Koç Group, particularly those circulating on social media accounts, and that the most accurate information regarding our company and Koç Group companies can be found in the disclosures made by our company on the KAP and our corporate website."

News Source: AA