"The dispute between the three parties at Turkcell is slowly coming to a conclusion.
The Privy Council decided the terms between the dispute of Çukurova and Altimo.
According to Reuters the ruling relates to a quarrel over a 13.8 percent stake in Turkcell that had been held by Cukurova and which is a controlling stake due to the company’s shareholder structure. Russian group Altimo had seized the shares when Cukurova defaulted on a $1.35 billion loan, but the British court has now ruled Cukurova must pay $1.57 billion – a sum which includes interest payments – to Altimo within 60 days if it wants to recover the stake."
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