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English
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Evet (Yes)
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Hayır (No)
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07.01.2021
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Hayır (No)
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In our public disclosure on 07.01.2021, it was announced that, in line with our Company's strategic targets, an agreement was signed on 07.01.2021 between our Company and CarrefourSA Carrefour Sabancı Ticaret Merkezi A.Ş. ("CarrefourSA") with regard to the transfer of tenancy rights and the lease agreements of 34 stores operated by CarrefourSA. It was also declared that the transaction would be completed after the approval of the Competition Board and the number of stores to be transferred, store locations and transaction value were subject to adjustments. The Competition Board, at its meeting on May 4, 2021, concluded that the notified transaction will not significantly impede effective competition in the relevant markets and cleared the transaction of transferring the tenancy rights and store equipments of 34 stores (with net sales area of 32,048 m2) operated by CarrefourSA in Adıyaman, Bitlis, Diyarbakır, Elazığ, Erzincan, Hatay, Malatya, Mardin, Şanlıurfa and Van to our Company. The total transaction price was set 26,000,000 TL + VAT for 34 stores according to the agreement between our Company and CarrefourSA. The final transaction price will be calculated according to the number of stores that can be transferred as per the terms of the agreement, and will be determined as a result of offsetting the termination benefits and the annual gross vacation amount of the permanent staff who accept the transfer of employment in these relevant stores. The number of stores to be transferred and the final transaction price will be announced following the completion of the transactions. (In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.) |
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.