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Hayır (No)
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Hayır (No)
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-
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Evet (Yes)
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Our subsidiary Ramstore Macedonia DOO ("Ramstore Macedonia") contributed 1.2% to our consolidated sales in the first 9 months of 2020. The subsidiary operates both in shopping mall business and in grocery retail business in North Macedonia. In line with our growth targets as well as our strategic focus in markets where we operate; Ramstore Macedonia operations have been re-evaluated. Following the evaluations, the negotiations have been initiated with regard to the sale of %100 of our subsidiary Ramstore Bulgaria EAD ("Ramstore Bulgaria") to CITY PLAZA DOO Skopje ("the Buyer"), the 99% direct shareholder of Ramstore Macedonia. In this respect, a preliminary sales agreement has been signed between our Company and the buyer. The negotiations continue regarding the signing of a Share Purchase Agreement. The public disclosure regarding this transaction was previously resolved to be postponed in order to avoid damages on the legitimate interests of our Company and to prevent misleading investors.
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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.