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UK court hears final arguments in Turkcell shareholder row

March 4, 2013 13:45
ISTANBUL, March 4 (Reuters) - A British court heard final arguments from Turkey's Cukurova Holding and Russian partner Altimo on Monday over a disputed controlling stake in Turkey's largest mobile phone operator Turkcell, with a verdict expected in the coming weeks. Altimo appropriated the 13.8 percent Turkcell stake, which carries controlling rights, after Cukurova defaulted on a $1.35 billion loan in 2005. Cukurova had put the stake up as collateral for the loan.

UK court ruling unlikely to draw line under Turkcell row

February 27, 2013 11:45
* UK Privy Council set to rule on March 4 * Cukurova determined to recover stake * Could liquidate assets including Genel Energy * Altimo likely to remain a shareholder By Asli Kandemir ISTANBUL, Feb 27 (Reuters) - A British court ruling next week which could help the Turkish co-founder of Turkcell recover a controlling stake may do little to end a boardroom dispute that has hobbled the firm for years.

UPDATE 2-Turkish tycoon gets chance to recover Turkcell stake

January 30, 2013 13:15
* Court gives Turkcell co-founder right to recover stake * Says Cukurova defaulted on 2005 loan * Dispute has hobbled Turkcell's development * Shares fall as dividend payments still seen blocked By Estelle Shirbon LONDON, Jan 30 (Reuters) - One of Turkey's richest men has the right to recover a disputed stake in Turkcell, a British court ruled, throwing him a lifeline in a battle for control of the mobile phone operator with Russian partner Altimo.
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