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Monday, July 15, 2013

UK court tells Cukurova to pay $1.6 billion for Turkcell shares

UK court tells Cukurova to pay $1.6 billion for Turkcell shares

By Estelle Shirbon and Seda Sezer
LONDON/ISTANBUL (Reuters) – A British court has set the terms for Turkish conglomerate Cukurova Group to buy back a stake in telecoms group Turkcell <TCELL.IS>, opening the way to ending an eight-year dispute which has paralysed decision-making at the company.

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