on Turkiye Garanti Bankasi A.S. (isin : US9001487019)
Turkiye Garanti Bankasi A.S. Refutes Sale Rumors Involving BBVA Shares
On May 15, 2024, Turkiye Garanti Bankasi A.S. (TGBD) addressed rumors suggesting a potential sale of its shares. The announcement came in response to speculative reports circulating online about BBVA's financial strategies following its proposed acquisition of Banco Sabadell.
According to the bank's statement, the offer for Banco Sabadell by BBVA, Garanti BBVA’s major shareholder, is completely funded using BBVA shares. This refutes any claims that Garanti BBVA's stakes are being sold to finance the acquisition. Garanti BBVA emphasizes BBVA's continued commitment as unfaltering.
The bank also clarified that the information provided aligns with the official records and documents, ensuring accuracy and completeness as per Turkish regulations. In cases of discrepancy, the Turkish version of the announcement will be considered authoritative, underscoring the importance of source accuracy in such disclosures.
R. H.
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