Quick Sigorta Raises MHR GYO Stake to 65.31%

Quick Sigorta bought 2,203,048 nominal shares in its subsidiary MHR Gayrimenkul Yatırım Ortaklığı on October 13, according to a company filing with KAP. The transactions took place at prices ranging from TL 1.94 to TL 2.07 per share.

Quick Sigorta’s reported stake in MHR GYO rose from 65.20% to 65.31%. The purchase increases the parent company’s ownership; it is not a capital injection into MHR GYO. The filing gives the shares’ nominal amount and trading price range, but not the total cash paid.