İz Investment Holding Takes 25% Stake in Hızlı Çiçek
The holding’s subsidiary acquired the stake through a cash-funded capital increase, with the company expecting the investment to lift turnover.
Key takeaways
- Iz Girişim acquired 25% of Hızlı Çiçek through a capital increase.
- The cash transaction totaled 39,848,021 lira.
- Iz Investment Holding said it expects the investment to increase turnover.
Iz Investment Holding said its subsidiary, İz Girişim ve Teknoloji Yatırımları, acquired a 25% stake in Hızlı Çiçek İnternet Hizmetleri through a cash-funded capital increase. The transaction was completed on October 9, for a total of 39,848,021 lira.
The acquired shares have a nominal value of 332,021 lira, and the filing lists a purchase price of 120.02 lira per share. Because the shares were issued through a capital increase, the investment went into Hızlı Çiçek rather than to a seller of existing shares.
Iz Investment Holding said it expects the acquisition to increase its turnover. The filing says no takeover-bid obligation arose.
This article was produced with the help of AI technology. Source: Yahoo Finance
