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Çan2 Termik A.Ş. has signed a share purchase agreement for the acquisition of 65% of Denarius Pumping Services LLC based in Florida USA (which owns 100% of Denarius Pumping Services de Venezuela C.A), for a total amount of USD 5.2 Mn for providing services and works necessary for the extraction of oil for private and public companies in Venezuela. Denarius has 25 years of sector knowledge, with no financial liabilities and total assets of c. USD 52,2 Mn. The Company is already operating in Venezuela and has an OFAC license. The impact of the acquisition and related activities on the consolidated balance sheet is expected to be seen in the second quarter.
In contradiction between the Turkish and English versions of this public 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.