19 June 2013, Wednesday
New York
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SABANCI SELLS AKBANK STAKE

  • NewArticle
  • Published:06 Haziran 2011, Pazartesi
  • Updated:06 Haziran 2011, Pazartesi

Shares in Turkish lender (AKBNK.IS) fell sharply after stakeholder said he had applied to sell 91.23 million nominal shares in the lender.

The shares to be sold constitute 2.3 percent of 's capital, and are worth 647.7 million lira ($410 million) calculated according to the current price of shares.

AKbank's share price fell 4.31 percent to trade at 7.10 lira after the statement.

holds a 20 percent stake in the lender, Sabanci Holding (SAHOL.IS) holds 44.45 percent, the Sabanci family holds 6.7 percent, and 28.8 of shares are publicly traded on the .