26.06.2025
In line with Doğan Holding’s strategic value-creation initiatives, portfolio simplification continues with the sale of our steering and suspension systems business – Ditaş Doğan Yedek Parça İmalat ve Teknik A.Ş. (“Ditaş”). Accordingly, as of June 26, 2025, Doğan Holding has entered into a Share Purchase Agreement with BDY Group İnşaat A.Ş. regarding the sale of its 68.24% shares in Ditaş.
As per the agreement:
•Dogan Holding will transfer its entire shareholding of 68.24% in Ditaş, corresponding to 58,005,482.838 shares with a nominal value of TRY 85,000,000 in paid-in capital.
•The agreed total consideration for the transaction is USD 14,500,000.
•The capital advance of TRY 114,343,440, which had previously been transferred to Ditaş during its capital increase process, along with accrued interest, has been fully collected from Ditaş.
•Recall that, Ditaş had TRY 822,320,501 consolidated net debt position as of March 31, 2025.
The Purchaser has no affiliation with our Company in terms of management, supervision, or capital, in accordance with Capital Markets Legislation.
The transaction remains subject to the fulfillment of customary closing conditions, including notification to and clearance from the Turkish Competition Authority.
The closing of the transaction is expected upon the completion of all conditions precedent.
Respectfully announced to the public and our shareholders.