Gencoglu AVM Yatirimlari A.S. signed an agreement to acquire BYN Gayrimenkul from Boyner Perakende ve Tekstil Yatirimlari Anonim Sirketi (IBSE:BOYP) on May 7, 2016. The transaction will be completed after the competition authority approval. Gencoglu AVM Yatirimlari A.S. completed the acquisition of BYN Gayrimenkul from Boyner Perakende ve Tekstil Yatirimlari Anonim Sirketi (IBSE:BOYP) for approximately TRY 41.8 million on June 16, 2016.