Telia Company has confirmed that talks are currently ongoing with Turkey Wealth Fund regarding a potential divestment of its indirect stake in Turkcell for around $530 million.
It adds that the negotiations are at an advanced stage but no agreement has yet been reached.
Furthermore, it has “no further comment to make at this stage but will communicate further if and when appropriate”.
Telia Company owns 47.1% of Turkcell Holding, a holding company owned by Cukurova, LetterOne and Telia Company.
Its only operation is the ownership of 51% in Turkcell.
