TURKCELL ILETISIM HIZMETLERI A S (TKC) Form 6-K — Oct 22, 2026
Turkcell's Board approved the purchase of Buildings A and B at the Istanbul Financial Center for a total of TRY 16.5 billion excluding VAT, with the parent company buying Building B (TRY 6.98 billion) and subsidiary TTECH buying Building A (TRY 9.53 billion). The seller, TVF İFM Gayrimenkul, is a subsidiary of Türkiye Wealth Fund — Turkcell's controlling shareholder — making this a related-party transaction. An independent valuation set combined value at TRY 17.1 billion, and the purchase was negotiated at a 4% discount. The properties, comprising 171 independent units, will serve as a technology and management center.
Key figures
- Deal Value Usd
- TRY 16,511,700,000 excluding VAT
- Completion date
- 2026-10-22
- Building b price
- TRY 6,983,204,159 excluding VAT
- Independent units
- 171
- Board decision date
- 2026-09-24
- Valuation building a
- TRY 9,879,000,000 excluding VAT
- Valuation building b
- TRY 7,238,100,000 excluding VAT
- Discount to valuation
- 4% discount via negotiation
- Agreement signing date
- 2026-10-09
- Building a price ttech
- TRY 9,528,495,841 excluding VAT
- Transaction to annual sales pct
- 6.8
- Transaction to total assets pct
- 2.5
- Transaction to company value pct
- 5.87
- Purchase price to paid in capital pct
- 751
- Transaction to net non current assets pct
- 8.5
AI analysis
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