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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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27.10.2020
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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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08/12/2020
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
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Yes
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oda_TitleOfNoncurrentFinancialAssetSold|
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BİM Stores SARL AU
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oda_FieldOfActivityNoncurrentFinancialAssetSold|
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Food retail in the Kingdom of Morocco
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oda_CapitalOfNoncurrentFinancialAssetSold|
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MAD 246.824.000
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oda_DateOnWhichRheTransactionWasWillBeCompleted|
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-
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oda_SalesConditions|
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Peşin (Cash)
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oda_NominalValueOfSharesSold|
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MAD 86.388.000
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oda_SalesPricePerShare|
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USD 810.30 + closing adjustments (estimated to be between USD 81.03 and USD 138.91 (1 share = 1,000 MAD nominal)
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oda_TotalSalesValue|
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USD 70,000,000 + closing adjustments (estimated to be between USD 7,000,000 and USD 12,000,000)
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oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
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35%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
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65%
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
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65%
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oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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2.6% (excluding closing adjustments)
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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1.4% (excluding closing adjustments
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oda_EffectsOnCompanyOperations|
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To maintain and develop the Company's current growth trend in the Kingdom of Morocco and support localization in that region with investors specialized in the region
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oda_ProfitLossArisedAfterTransaction|
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TRY 455.000.000 per IFRS records (will be accounted in equity per IFRS financials. Excludes closing adjustments)
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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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Blue Investment Holding (a special purpose vehicle established by the Helios Investment Partners LLP)
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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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N/A
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oda_AgreementSigningDateIfExists|
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09/12/2020
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Per negotiations with the buyer
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Not required under the law
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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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On 09.12.2020, we, BİM Birleşik Mağazalar A.Ş., entered into a share sale and purchase agreement with Blue Investment Holding , a special purpose vehicle established by the funds advised by Helios Investment Partners LLP, a leading private equity fund manager operating in the Africa region, in relation to sale of the shares representing 35% of the share capital of BİM Stores SARLAU (BIM Morocco) to them. The sale is expected to be completed following the satisfaction of certain conditions precedent including but not limited to the approval of Conseil de la Concurrence, the competition authority of the Kingdom of Morocco. With the proposed sale, we aim to maintain and develop BİM Stores SARLAU's current growth trend in the Kingdom of Morocco and achieve localization in that region with investors specialized in the Africa region to create further value.
In the event of a 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.