KASE, December 12, 2018/ – Kcell (Almaty), whose shares are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
press release:
quote
Kcell Joint Stock Company ("Kcell” or the "Company") (LSE, KASE: KCEL), notes
that Telia Company has announced that its total holdings in Kcell have been
acquired by Kazakhtelecom JSC.
Following Kcell's IPO at the end of 2012, Telia owned a 24 percent direct stake
in the Company as well as a further holding via its 58.55 percent stake in
Fintur Holdings B.V. (Fintur), which owns 51 percent of Kcell. The remainder of
Fintur is held by Turkcell.
Kcell provides the text of the announcement below:
Telia Company and Fintur Holdings B.V. (Fintur), jointly owned by Telia Company
and Turkcell, have agreed to sell their 75 percent holding in the leading Kazakhi
telecommunications operator Kcell JSC, to the telecom operator Kazakhtelecom JSC,
a company controlled by the government of the Republic of Kazakhstan through the
sovereign wealth fund Samruk-Kazyna. Telia Company has also signed an agreement
to acquire Turkcell’s share in Fintur in a separate transaction to become the
sole shareholder of the company, which enables Telia Company to repatriate cash
from Fintur.
The full announcement is available on Telia Company's website
https://www.teliacompany.com/en/news/press-releases/2018/12/telia-company-divests-itsinterest-in-kcell-and-dissolves-fintur-partnership-with-turkcell/
unquote
The full press release is available on KASE website –
http://kase.kz/files/emitters/KCEL/kcel_reliz_121218_1.pdf
[2018-12-12]