CarrefourSA Receives 4,877,598,986.71 Lira Shareholder Advance
The interest-free payment brings disclosed advances to 20,800,000,000 lira and is intended to support operations and reduce financial debt.
Key takeaways
- CarrefourSA received a 4,877,598,986.71 lira interest-free advance from shareholder Yeni Mağazacılık.
- Total disclosed advances reached 20,800,000,000 lira, with funds intended for operations and debt reduction.
CarrefourSA received a 4,877,598,986.71 lira interest-free capital advance from shareholder Yeni Mağazacılık on Oct. 13, the company said in a KAP disclosure. The payment has no stated maturity.
CarrefourSA said it will use the money for its operations and to reduce financial debt. The advance is to be offset against Yeni Mağazacılık’s cash contribution obligation in the company’s first future capital increase. The payment itself is not a completed capital increase.
Including payments disclosed on Aug. 3, Aug. 5 and Aug. 10, total advances reached 20,800,000,000 lira. Yeni Mağazacılık told the company it expected this to be its final advance until a decision on its application for exemption from a mandatory share purchase offer, which was disclosed on Aug. 10.
This article was produced with the help of AI technology. Source: Yahoo Finance
