19.11.2024 16:11
The Competition Authority announced that it has approved Hepsiburada's transfer to Kazakh Kaspi.kz. This decision was eagerly awaited by site users and industry representatives. The details of the sale and what changes will occur in the new period have not yet been clarified.
In a statement made on the website of the Competition Authority, it was stated that "The transaction for the acquisition of the majority shares and sole control of D-Market Elektronik Hizmetler ve Ticaret Anonim Şirketi, which is under the sole control of Hanzade Vasfiye Doğan BOYNER, by Joint Stock Company Kaspi.kz has been approved."
In recent weeks, there had been announcements regarding the commencement of acquisition processes by the Kazakh company Kaspi.
The statement indicated that the total value of the share transfer is approximately 1 billion 127 million US dollars, and it was agreed that the payment would be made in two installments. It was also noted that the share transfer agreement is subject to customary closing conditions and obtaining administrative permits in Turkey, and the closing is expected to take place in the first quarter of 2025.
The statement mentioned that the agreement for the purchase of Class A and B shares, corresponding to 65.4% of Hepsiburada's capital, was signed yesterday.