Turkcell shareholder Cukurova has reached out to the courts in an attempt to stop the Turkish cellco from holding an EGM on 12 October, Turkcell said in a statement.
If the EGM cannot be stopped, Cukurova also asks the court to alternatively block the…
Turkcell shareholder Cukurova has reached out to the courts in an attempt to stop the Turkish cellco from holding an EGM on 12 October, Turkcell said in a statement.
If the EGM cannot be stopped, Cukurova also asks the court to alternatively block the EGM from deciding on board changes.
The EGM was called by request of TeliaSonera, who is another major shareholder in the company alongside Cukurova, to discuss “the removal and election of one or more board members”.
Teliasonera has repeatedly attempted to replace Turkcell’s chairman Colin Williams over accusations of impartiality violations.
A Cukurova spokesperson did not wish to comment on the lawsuit and only referred to the announcement published by Turkcell earlier today.