Koç Holding A.S. (IBSE:KCHOL) and other shareholders of KOC Finansal Hizmetler A.S. signed an agreement to acquire 50% in KOC Finansal Hizmetler A.S. from UniCredit S.p.A. (BIT:UCG) for TRY 6.4 billion on November 30, 2019. In a related transaction UniCredit S.p.A. and Koç Holding A.S. signed an agreement to acquire 40.95% stake in Yapi ve Kredi Bankasi A.S. (IBSE:YKBNK) from KOC Finansal Hizmetler A.S. The completion of the transaction is subject to regulatory approvals in all relevant jurisdictions and is expected take place in the first half of 2020.

Koç Holding A.S. (IBSE:KCHOL) and other shareholders of KOC Finansal Hizmetler A.S. completed the acquisition of remaining 50% in KOC Finansal Hizmetler A.S. from UniCredit S.p.A. (BIT:UCG) on February 5, 2020. Upon completion, Koç Holding's direct shares in KOC Finansal Hizmetler increased from 42.26% to 84.53%. The conditions defined in the agreement have been fulfilled.