[Last updated: 1 January 2024, unless otherwise noted]

If a shareholder or shareholders of a public company acting in concert holds, directly or indirectly, 98% or more voting rights of a public company and squeezes out the minorities, the public company will apply to Borsa Istanbul for delisting.

The delisting procedure requires specific disclosures to be made in relation to board decisions, applications with the CMB and Borsa Istanbul.