Gemalto takes control of Plastkart
As Plastkart is a public company, listed on the Istanbul Stock Exchange, Gemalto will now apply to the Turkish Capital Market Board (CMB) in order to fulfill its obligation to make a public offer for the remainder of the shares that it does not already own. The Information Sheet describing the terms of the offer will be available within 45 days, after review and approval by the CMB.
Gemalto has been Plastkart’s long term technology partner, since 2003. Going forward, the companies will continue to co-operate as in the past, with Plastkart focusing on the fast growing Turkish market of 75 million inhabitants. Turkish banks are already deploying dual interface contactless cards in large volumes.