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[CIMSA]
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Hayır (No)
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Hayır (No)
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-
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Evet (Yes)
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It is contemplated to create a more efficient and strong platform through merging the financial power of our Company and the operational capability of our subsidiary Çimsa Çimento Sanayi ve Ticaret A.Ş. (Çimsa) under one roof abroad in order to reach to the target of Sabancı Group to become the leader in the global white cement trade. Within the scope of mentioned planning, the followings have been resolved:
Together with this new structure, the shares of Çimsa's subsidiaries that undertake white cement business abroad are contemplated to be transferred to CSC BV, and thereby white cement investments of Sabancı Group are aimed to be concentrated under the roof of CSC BV. The studies for incorporation of a company abroad by our Company and Çimsa have been started on 23.10.2019; however, announcement relating to these studies was deferred considering the legitimate interests of our Company and our investors. Further developments will be made available to public.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.