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Our Company is jointly managed by Aviva International Holdings Ltd. (Aviva), subsidiary of United Kingdom-based Aviva plc and Hacı Ömer Sabancı Holding A.Ş. (Sabancı Holding) and 80% of the share capital is equally distributed between Sabancı Holding and Aviva. Aviva Group has disclosed to public that it will focus on its activities in United Kingdom, Ireland and Canada and explore its options in business partnerships. On the other hand, our Company was informed of the fact that discussions between Ageas Group (*) and Aviva for the transfer of shares held by Aviva in AvivaSA have been completed. In light of these developments, we were informed that a Share Purchase Agreement dated 23.02.2021 was signed between Ageas Insurance International NV (Ageas) and Aviva, and accordingly Ageas agreed to acquire all AvivaSA shares from Aviva with TRY 72,000,006.72 nominal value representing 40% of the share capital. The effectiveness of the Share Purchase Agreement signed between Ageas and Aviva will be subject to completion of closing procedures, including but not limited to, obtaining necessary permissions and approvals set forth by the respective agreement. The transaction is expected to be completed within 2021. In this context, our Company will continue its activities as a jointly managed company with 40%-40% shareholding of Sabancı Holding and Ageas. Future developments on the matter will be shared with the public. (*) Additional information about Ageas SA/NV, the holding company of Ageas Group whose shares are listed on Euronext Brussels Stock Exchange, is available on www.ageas.com/investors/investors-home. Whereas Aksigorta, whose 72% of the share capital is also equally distributed among Sabancı Holding and Ageas, a wholly-owned subsidiary of Belgium-based Ageas SA/NV, is a jointly managed company by Sabancı Holding and Ageas. In the event of the completion of the process, AvivaSA will be jointly managed by Sabancı Holding and Ageas. |
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.