AcquisitionsNov 3, 2026, 08:06 AM
Turkcell Acquires 11% Stake in TOGG for EUR 88M, Increasing Holding to 34%
AI Summary
Turkcell İletişim Hizmetleri A.Ş. announced the signing of a Share Purchase Agreement to acquire an additional 11% stake in Türkiye'nin Otomobili Girişim Grubu Sanayi ve Ticaret Anonim Şirketi (TOGG) from AG Anadolu Grubu Holding A.Ş. for EUR 88,000,000. This acquisition will increase Turkcell's total shareholding in TOGG to 34.0%. The company views this investment as strategically aligned with its technology and digital services capabilities, contributing to its long-term investment strategy and sustainable value creation objectives. The closing of the transaction is subject to the fulfillment of conditions precedent and relevant regulatory approvals.
Key Highlights
- Turkcell İletişim Hizmetleri A.Ş. signed a Share Purchase Agreement to acquire 11% of TOGG's total share capital.
- The acquisition involves 796,567,640 shares from AG Anadolu Grubu Holding A.Ş. for EUR 88,000,000.
- Following the closing, Turkcell's shareholding in TOGG will increase to 34.0%.
- The transaction is strategically aligned with Turkcell's technology infrastructure and digital services capabilities.
- The closing is expected to occur after fulfillment of conditions precedent and regulatory approvals.
Price Impact
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