EM CEEMEA CREDIT: TURKEY: Relaxing equity buyback rules
Mar-20 08:46By: Makeem Asif
TURKEY+ 1
Turkiye (TURKEY; B1pos/BB-/BB-)
- The Capital Markets Board earlier announced a relaxation of buyback rules for listed companies, lifting the requirement of AGM approval and other restrictions.
- Turkish Airlines bought back 166K Shares on Wednesday. They purchased shares at average price of 298.91 liras. We don’t see any further companies that have announced buyback activity.
