Garanti Bank has been a bank based in Spain in recent years. BBVA‘s founding and what happened in this process are on the agenda. Firstly, BBVA acquired Garanti Bank a few years ago. 49.85 percent and became the largest shareholder of the bank. In the coming period it is stated that BBVA has the ambition to complete Garanti Bank. was announced†

The purchasing process, which dragged on for months, was on the sector’s agenda for a long time. The depreciation of TL in this process, for BBVA made things easier† In the first statement, the sale price offer, which was 2.2 billion euros, was automatically reduced to 1.8 billion euros due to the depreciation of the TL. had relapsed† In a development that happened a few weeks ago, BBVA increased its bids on Garanti Bank shares. was announced† Due to the continued depreciation in TL, BBVA he was still in a profitable spot from his first bid† Now there is a new development regarding this process, which has become a mess.

BBVA officially acquired 85.97 percent of Guarantee

In the statement to the Public Disclosure Platform (KAP), BBVA’s Garanti Bank up to 85.97 percent It was announced that it was agreed to have. This event went down in history as the largest share purchase in Turkish banking history. It was announced that the purchase price was 22 billion 757 million 938 thousand 352 TL. This is approximately May 19, 2022 10:20 am. 1.3 billion euros It corresponds with…

The statement on KAP uses the following statements:In the context of the Voluntary Takeover Offer, BBVA has agreed to a total nominal value of 1,517,195,890,189 Turkish lira and Garanti BBVA’s total capital. which corresponds to 36.12% Garanti BBVA bought his share. The total amount paid by BBVA for the said shares is 22,757,938,352.85 Turkish Lira. As a result of the Voluntary Takeover Offer, the share price of BBVA in Garanti BBVA on the date of this announcement. up to 85.97 percent reaches.”