Global Yatirim Holding A.S. (IBSE:GLYHO) agreed to acquire 10% stake in Global Menkul Degerler Anonim Sirketi (IBSE:GLBMD) from AZ International Holdings SA for TRY 2.1 million on December 22, 2014. In a related transaction, AZ International Holdings SA agreed to acquire remaining 40% stake in AZ Global Portföy Yönetimi A.S. from Global Yatirim Holding A.S. (IBSE:GLYHO) for TRY 5.8 million on December 22, 2014. AZ International, will recognize a total consideration (including the sale of GMD shares assuming current market prices) of around 1.3 million (TRY 3.67 million).The transaction is subject to regulatory approvals by the competent authorities.
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