Application Submitted to BIST for Block Sale of Tupras Shares to Merrill Lynch

A development has been recorded indicating a potential significant shareholder change at Tupras. It has been reported that an official application was submitted to Borsa Istanbul for the block sale of a portion of the company's existing shares to global investment bank Merrill Lynch. This move initiates a transaction process that will allow the share transfer to be carried out in an organized manner and at a specific price. The application in question is of a nature that could lead to a significant change in Tupras's ownership structure. Block sale transactions are typically a method preferred by large investors or existing shareholders when they wish to transfer their holdings to a single buyer without being affected by market fluctuations. In this context, Merrill Lynch's emergence as the buyer indicates that the transaction will be completed within an institutional framework. Following this application to Borsa Istanbul, questions have arisen regarding the price and timing of the sale. Market experts note that such block sales can often be executed at a certain discount or premium to the market price, and therefore the transaction could have a short-term impact on Tupras share prices. However, details of the transaction have not yet been disclosed to the public. As one of Turkey's leading energy companies, Tupras is known for its refinery operations. While such a shareholder change is not expected to directly affect the company's operational structure, it is considered that it could be decisive on investor interest and share performance. There are comments that these developments could particularly increase institutional investors' interest in Tupras. This is not investment advice.