Turkcell, a leading communications and technology company in Turkey, has appointed Citi Global Transaction Services (GTS) business, acting through Citibank NA, as the successor depositary bank for the company’s American depositary receipt (ADR) programme.
Dirk Jones, global head of securities and fund services client sales management at Citi, said: “Turkcell is the only Turkish company listed on the New York Stock Exchange and we are proud to be appointed successor depositary bank for their ADR programme. With Citi’s excellent investor relations expertise and unmatched global equity distribution network, we’re confident we can provide outstanding investor access and awareness to Turkcell’s ADR programme.”
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