Sales statement from Doğan Holding for Aytemiz Akaryakıt
In a statement made by Doğan Holding to the Public Disclosure Platform, it was announced that it was decided to sell Aytemiz Akaryakıt, in which the company has a 50 percent share, to PSCJ Tatneft for a total of 320 million dollars. In a statement made by Doğan Şirketler Grubu Holding A.Ş. to the Public Disclosure Platform, it was announced that it was decided to sell Aytemiz Akaryakıt to PSCJ Tatneft na VD Shashin. In the notification made by Doğan Holding to the Public Disclosure Platform, it was stated that it was decided to sell all 400 million shares with a total nominal value of 400 million TL, in the paid-in capital of 800 million TL, at a rate of 50 percent, for a total price of 160 million dollars and other conditions agreed upon in the “Share Transfer Agreement” as a result of the negotiations. In the statement, it was stated that the ratio of the sales price to the total (assets) of the company according to the company's latest financial statements announced to the public, dated December 31, was 7.27 percent and that the ratio to the company value calculated based on the arithmetic average of the daily adjusted weighted average prices for the six months prior to the decision date was 13.93 percent. It was stated that it was decided to sell Doğan Holding for a total of $320 million in line with the signed "Share Transfer Agreement" and for a price of $160 million subject to certain closing adjustments to the company. The company noted that the closing of the transaction is expected to take place after the necessary legal approvals are obtained.