4iG Nyrt. (BUSE:4IG) signs a final agreement to acquire 80.27% stake in ALBtelecom Sh.a from Cetel Telekom Iletisim Sanayi Ve Ticaret A.s. on December 8, 2021. Çalik Holding will become an institutional investor in 4iG.

The Albanian state will continue to exercise its minority ownership rights in the company through the Albanian Ministry of Finance and Economy (13.78%) and the Albanian Post (2.47%). The transaction is subject to the approval of the Albanian authorities and regulatory approvals and is expected to be closed in January 2022. As of January 17, 2021, the transaction has received approval from the Albania's competition authority.

Richard Clegg, Nako Sokol (Albania), Norbert Balint (Hungary M&A & Capital Markets), Irina Dekova (International M&A), and Kristaq Profkola (Albania) with further supported by other Wolf Theiss lawyers in Albania, Hungary and Bulgaria of Faludi Wolf Theiss Ügyvédi Iroda acted as legal advisors to 4iG in the transaction. Yavuz & Uyanik & Akalin advised on elements of the transaction involving Turkish law.