ANKARA
A draft bill was passed in the Turkish parliament on Friday to oversee the regulation of Anadolu Agency's share-ownership structure.
According to the new law, the shares that belong to the Agency's General Directorate will be transferred to the company's legal entity.
Anadolu Agency can now acquire its own shares, with or without consideration, regardless of the rate boundaries in the Turkish Commercial Code.
The shares that belong to unidentified shareholders can be accredited to the company's legal entity.
The law will enable Anadolu Agency to perform capital increases and utilize unused stock rights.
Anadolu Agency's current legal status and its autonomy still remain.
englishnews@aa.com.tr
