[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English

oda_NoncurrentFinancialAssetSaleAbstract|
Non-Current Financial Asset Sale
oda_UpdateAnnouncementFlag|
Update Notification Flag
Evet (Yes)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
10.05.2016
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
10/05/2016
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Yes
oda_TitleOfNoncurrentFinancialAssetSold|
Title of Non-current Financial Asset Sold
Koç Finansal Hizmetler A.Ş. (KFS)
oda_FieldOfActivityNoncurrentFinancialAssetSold|
Field of Activity of Non-current Financial Asset Sold
To participate in the share capital and management of banking, factoring, leasing, consumer financing companies and other financial sector companies and to increase the market value of such companies as a whole
oda_CapitalOfNoncurrentFinancialAssetSold|
Capital of Non-current Financial Asset Sold
3,011,274,868.44 TL
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
30.06.2016
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_NominalValueOfSharesSold|
Nominal Value of Shares Sold
119,934,397.39 TL
oda_SalesPricePerShare|
Sales Price Per Share
about 4.6574 TL
oda_TotalSalesValue|
Total Sales Value
558,581,677 TL
oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
Ratio of Shares Sold to Capital of Non-current Financial Asset (%)
3.98%
oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
Total Ratio of Shares Owned in Capital of Non-current Financial Asset After Sales Transaction (%)
0.00%
oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
Total Voting Right Ratio Owned in Non-current Financial Asset After Sales Transaction (%)
0.00%
oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Non-current Financial Asset Sold to Total Assets in Latest Disclosed Financial Statements of Company (%)
3.88%
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
3.94%
oda_EffectsOnCompanyOperations|
Effects on Company Operations
Available for sale financial asset, which is not in the main activities, will be liquidated
oda_ProfitLossArisedAfterTransaction|
Profit / Loss Arised After Transaction
Profit before tax according to IFRS principles is 413,738,890 TL
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
-
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_TitleNameSurnameOfCounterPartyBought|
Title/ Name-Surname of Counter Party Bought
Koç Holding A.Ş.
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Evet (Yes)
oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
Relation with Counter Party if any
Main shareholder
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
-
oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
Value Determination Method of Non-current Financial Asset
The transaction value is determined by taking into account the valuation range indicated in the independent valuation report for KFS prepared by DRT Kurumsal Finans Danışmanlık Hizmetleri A.Ş. (a member of Deloitte Touche Tohmatsu Limited) and the recent market value of Yapı Kredi Bankası shares held by KFS as of the Board Decision date.
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlendi (Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
-
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
21.01.2016
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
DRT Kurumsal Finans Danışmanlık Hizmetleri A.Ş. (a member of Deloitte Touche Tohmatsu Limited)
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
All KFS shares value is 12.8 billion TL - 18.4 billion TL (The subject shares value corresponds to the range between 510 million TL and 733 million TL)
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
-
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|

On 10 May 2016, our Board of Directors' decision  was announced to the public that our financial assets available for sale Koç Finansal Hizmetler A.Ş. ( "KFS") shares of  119,934,397.39 TL nominal value, corresponding to 3.98% of the share capital will be sold to our main shareholder Koç Holding A.Ş. with  total remuneration of 558,581,677 TL in cash. Banking Regulation and Supervision Agency has approved this transaction. The transfer of shares has been completed as of today.