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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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-
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForAcquisition|
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15/02/2024
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Babadağ Elektrik Üretim Sanayi ve Ticaret A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Construction, installation, commissioning, and leasing of electricity generation facilities, electricity generation, and selling the generated electricity and/or capacity to customers
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oda_CapitalOfNoncurrentFinancialAsset|
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151.000.000 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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The share purchase and payment transactions will be completed following the fulfillment of prerequisites, including obtaining approvals from the Competition Authority and all necessary legal permissions.
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oda_AcquisitionConditions|
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Diğer (Other)
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oda_DetailedConditionsIfItIsATimedPayment|
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-
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oda_NominalValueOfSharesAcquired|
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151.000.000 TL (15.100 shares)
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oda_PurchasePricePerShare|
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1,125.8 USD (share price equivalent to 10,000 TL nominal)
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oda_TotalPurchasingValue|
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Value of the company is 17,000,000 USD, and the purchase price will be determined subject to a net debt calculation to be completed on the closing date within the framework of the share purchase agreement.
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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100
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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100
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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100
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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1,41
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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1,73
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oda_EffectsOnCompanyOperations|
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Supporting renewable energy strategies
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oda_DidTakeoverBidObligationArised|
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Hayır (No)
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oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
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Hayır (No)
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oda_TitleNameSurnameOfCounterParty|
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True Blue Trading LTD, Cevher Seren
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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-
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oda_AgreementSigningDateIfExists|
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01/03/2024
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Due to tax, operational and legal due diligence
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Due to insignificant share in Tekfen Holding's current financials
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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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In line with our technology, innovation, and sustainability based strategy and investment plan shared in our statement dated 23.06.2023, the first step towards the renewable energy investments has been realized with the acquisition of all shares of Babadağ Elektrik Üretim Sanayi ve Ticaret A.Ş., a company located in Balıkesir province with 9.6 MW installed capacity and a generation license of 14.4 MW, for a total of 17,000,000 US Dollars. The price will be determined subject to a net debt calculation to be completed on the closing date within the framework of the share purchase agreement. The share purchase and payment transactions will be completed following the fulfillment of prerequisites, including obtaining approvals from the Competition Authority and all necessary legal permissions. The acquisition and payment transactions are planned to be completed with 100% project finance. |
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.