Turkcell untangled by Ziraat loan worth TL 1.6 billion

Turkcell untangled by Ziraat loan worth TL 1.6 billion
August 01, 2014, Friday/ 18:10:32/ TODAY'S ZAMAN WITH REUTERS

Çukurova Holding finally managed to solve a seven-year-old dispute over Turkcell shares by paying Russia's Alfa Group $1.6 billion, which it solicited from the state-run Ziraat Bank on Thursday.With this step, Çukurova has taken a major step towards regaining control of Turkey's biggest mobile phone operator.İstanbul-based Çukurova signed a loan agreement with Ziraat in connection with the Alfa Group payment, the company said in a statement

Click For More News