Telia to Vote in Favor of $175 Million Turkcell Payout
11 September 2019 - 06:53PM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Telia Co. AB (TELIA.SK) said Wednesday that it has
agreed, along with the other shareholders in Turkcell Holding, to
vote in favor of Turkcell Iletisim Hizmetleri AS's (TCELL.IS)
proposal to distribute dividends of 1.01 billion Turkish lira
($175.1 million) on Oct. 31.
Provided the proposal is approved, Telia's expected share of the
dividends will be TRY243 million, corresponding to approximately
410 million Swedish kronor ($42.3 million) pretax and SEK389
million after tax.
Telia is the largest shareholder in Turkcell Iletisim Hizmetleri
with a 24% indirect shareholding through its minority interest in
Turkcell Holding.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
September 11, 2019 04:38 ET (08:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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