Doğuş Otomotiv Opens Talks to Sell TÜVTÜRK Kuzey Stake
The company plans to negotiate the sale of its full 33.333% holding, but has not disclosed a price or completion date.
Key takeaways
- Doğuş Otomotiv has decided to begin talks to sell its 33.333% stake in TÜVTÜRK Kuzey.
- The buyer is Turka, but the sale price and completion date are not yet known.
Doğuş Otomotiv has decided to begin talks to sell its entire 33.333% stake in TÜVTÜRK Kuzey Taşıt Muayene İstasyonları Yapım İşletim A.Ş., according to a company disclosure to KAP. The proposed buyer is Turka Araç Muayene İstasyonları Yapım ve İşletim A.Ş.
The stake represents nominal shares of 170,050,000 lira in a company with capital of 510,150,000 lira. If the sale is completed, Doğuş Otomotiv’s holding in TÜVTÜRK Kuzey would fall to zero.
The disclosure does not give a sale price or completion date, and says the terms have not been determined. No valuation report was prepared. A sale would transfer existing shares to the buyer; the filing does not establish what proceeds, if any, Doğuş Otomotiv would receive.
This article was produced with the help of AI technology. Source: Yahoo Finance
