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English
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oda_NoncurrentFinancialAssetSaleAbstract|
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oda_UpdateAnnouncementFlag|
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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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06.10.2021; 24.12.2021; 05.01.2022
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForSale|
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31/12/2021
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
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Yes
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oda_TitleOfNoncurrentFinancialAssetSold|
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"Philsa Philip Morris Sabancı Sigara ve Tütüncülük Sanayi ve Ticaret A.Ş." (PHILSA) and "Philip Morris SA, Philip Morris Sabancı Pazarlama ve Satış A.Ş." (PMSA)
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oda_FieldOfActivityNoncurrentFinancialAssetSold|
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PHILSA: Manufacturing of cigarettes and tobacco products / PMSA: Sale and distribution of cigarettes and tobacco products
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oda_CapitalOfNoncurrentFinancialAssetSold|
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PHILSA: TRY 3,000,000 / PMSA: TRY 700,000
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oda_DateOnWhichRheTransactionWasWillBeCompleted|
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January 5, 2022
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oda_SalesConditions|
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Peşin (Cash)
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oda_NominalValueOfSharesSold|
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PHILSA: TRY 750,000 / PMSA: TRY 173,250
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oda_SalesPricePerShare|
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TRY 3,380.30
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oda_TotalSalesValue|
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TRY 3,120,861,278.66
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oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
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PHILSA: 25.00% / PMSA: 24.75%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
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PHILSA: 0% / PMSA: 0%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
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PHILSA: 0% / PMSA: 0%
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oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0.03%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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3.54%
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oda_EffectsOnCompanyOperations|
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The transaction will increase cash assets.
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oda_ProfitLossArisedAfterTransaction|
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TRY 2,909,301,267.66
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oda_HowWillSalesProfitBeUsedIfExists|
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-
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oda_BoardDecisionDateForUseOfSalesProfitIfExists|
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-
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oda_TitleNameSurnameOfCounterPartyBought|
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Philip Morris Products S.A.
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
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None
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oda_AgreementSigningDateIfExists|
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05/01/2022
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Based on Negotiations
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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There is no legal obligation since it is not a related party transaction.
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oda_DateAndNumberOfValuationReport|
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-
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oda_TitleOfValuationCompanyPreparedReport|
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-
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oda_ValueDeterminedInValuationReportIfExists|
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-
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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-
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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As previously disclosed to public, Sabancı Holding's entire shares in Philsa Philip Morris Sabancı Sigara ve Tütüncülük Sanayi ve Ticaret A.Ş. (PHILSA) and Philip Morris SA Philip Morris Sabancı Pazarlama ve Satış A.Ş. (PMSA) have been sold to Philip Morris Products S.A. (PM) in consideration of TRY 2,747,308,823 on January 5, 2022 post predetermined adjustments at closing, and acquisition price has been collected by Sabancı Holding on the same day.
Further, PM has paid Sabancı Holding an additional TRY 373,552,455.66 on March 31, 2022 post predetermined adjustments based on the audited financial results of PHILSA and PMSA for the 2021 fiscal year, and thereby final acquisition price for the sale of PHILSA and PMSA shares has been realised as TRY 3,120,861,278.66.
In case of a discrepancy between the Turkish and English versions of this public disclosure statement, 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.