Purchase of Financial Fixed Asset (DD Finansman)
25.08.2017
Our company has taken over and acquired 25,480 Group A registered shares, each with a nominal value of 1,000 Turkish Liras, held by Deutsche Bank A.G., one of the other shareholder at DD Finansman A.Ş., whereby we have a share of 48% in the fully paid capital of 52,000,000 Turkish Liras, and all shares representing 49% of the capital of DD Finansman A.Ş. as a result of assessing the share transfer as a transfer of financial liabilities at the same time, within the scope of the capital and operational cash requirements of DD Finansman A.Ş. for the future, with the payment of 4,000,000 Euros to our Company. The legal approvals required for share transfer are obtained and that “closing pre-requisites” are fulfilled.
Following the completion of share transfer transaction, our shareholding ratio in DD Finansman A.Ş. has increased to 97%.
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