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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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17.02.2020, 22.05.2020
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Hayır (No)
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oda_ExplanationTextBlock|
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In our disclosure dated 22.05.2020, it was announced that all shares representing registered capital of Temsa Ulaşım Araçları Sanayi ve Ticaret A.Ş. (Temsa) will be purchased by our subsidiary Exsa Export Sanayi Mamulleri Satış ve Araştırma A.Ş. (ExSA) and PPF IndustryCo B.V. (Former Trade Name: PPF Beer Topholdco B.V.), a PPF Group subsidiary, with a 50-50% partnership structure.
The acquisition of the shares representing 50% of the registered capital of Temsa by our subsidiary ExSA has completed and closing procedures have executed as of 22.10.2020, upon attaining necessary permissions and approvals for the aforementioned share purchase.
With Sabancı and PPF Groups' financial and operational strength, the production activities of Temsa will accelerate by virtue of new growth momentum and Temsa will continue to create value for our country together with this acquisition.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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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.