Turks carrying out forced share buyback in Halkbank

Halkbank Belgrade has scheduled an extraordinary AGM for November 7, at which the main item on the agenda will be the reaching of the decision on a forced share buyback.

Halkbank recently crossed the threshold of a 90% stake though a public takeover bid, thereby creating legal conditions for initiating forced share buyback from minority shareholders.

At the moment, minority shareholders in Halkbank own 9.9% of the total number of shares, with voting rights.

The offer was carried out at the price of RSD 10,000 per share, which will also be the buyback price, Wisebroker reports.

Halkbank AD Beograd

Halk Bankası Ankara, Turkey

Halkbank

Halkbank shares

Halkbank forced share buyback

Halkbank minority shareholders

Cacanska Banka

Turkiye Halkbankasi