Mandatory tender offer exemption application
Mandatory tender offer exemption application
Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”), has informed Türkiye Garanti Bankası A.Ş. (“Garanti BBVA”) of the following:
As a result of the purchases within the scope of voluntary tender offer (“VTO”) launched by BBVA for the entire share capital of Garanti BBVA not already owned by BBVA, as of April 25, 2022, BBVA’s direct shareholding at Garanti BBVA exceeded 50.0% and also acquired the indirect management control (as defined in the Communiqué on Takeover Bids (Pay Alım Teklifi Tebliği) no. II-26.1 (“Communiqué”) at Garanti Faktoring A.Ş. (“Garanti Faktoring”) and Garanti Yatırım Ortaklığı A.Ş. (“Garanti Yatırım Ortaklığı”), two fully consolidated subsidiaries of Garanti BBVA both of which are listed at Borsa İstanbul.