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.