Turkcell Signs Agreement to Sell Units in Ukraine to NJJ Capital

Turkish telecommunications company Turkcell Iletisim Hizmetleri AS signed an agreement to sell its Ukraine units to NJJ Capital.

The terms of the sales of Lifecell LLC, LLC Global Bilgi and LLC Ukrtower aren’t determined yet, according to a public filing on Friday. No reason was given for the divestments.

The nominal values of shares sold are 12.7 billion Ukrainian hryvnias ($333.4 million) for Lifecell, 47.2 million Ukrainian hryvnias for LLC Global and 1.96 billion Ukrainian hryvnias for LLC Ukrtower. The sales price per share will be determined later.

The sales come a few months after Ali Taha Koc ...