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16.08.2010
As per the resolution of the Board of Directors dated 16.08.2010, the exercise of the pre-emptive rights of EUR 30,000,000 in EUR 30,000,000 cash capital increase of our subsidiary Isbank GmbH, which is planned to be completed in 2011, is approved and the Head Office is authorized to exercise this right.
10.08.2010
Turkish Competition Authority determined that the sale of Isbank’s 35.53% share in the capital of Anadolu Anonim Türk Sigorta Şirketi to the group company Milli Reasürans T.A.Ş. should not be considered within the scope of the Article 7 of the Law Nr: 4054 and the related “Communiqué on the Mergers and Acquisitions Calling for the Authorization of the Competition Board (1997/1)” due to the related parties’ being in the same economic integrity.
28.07.2010
The Undersecreteriat of Turkish Treasury granted Isbank the necessary authorization to sell Isbank’s 35.53% share in the capital of Anadolu Anonim Türk Sigorta Şirketi to the group company, Milli Reasürans T.A.Ş.
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