Brief: Aygaz Signs Long-term Consulting Deal With Mckinsey To Extend Strategic Cooperation For Unit Aykargo

Aygaz

02/08/2021 06:06

Aug 2(Reuters) - AYGAZ  AYGAZ.IS :
    * REPORTED ON SATURDAY HAS DECIDED TO CONTINUE STRATEGIC
COOPERATION WITH MCKINSEY DANISMANLIK HIZMETLERI TO IMPROVE AND
EXECUTE MORE EFFICIENTLY THE OPERATIONS OF UNIT AYGAZ AYKARGO
DAGITIM HIZMETLERI (AYKARGO) BY SIGNING A LONG-TERM CONSULTING
AGREEMENT WITH MCKINSEY        
    * THE COLLABORATION BETWEEN AYKARGO AND MCKINSEY COVERS A
TOTAL OF
7 YEARS, WITH 5 YEARS OF SERVICE TERM AND THE SUBSEQUENT 2 YEARS
OF SUCCESS FEE PAYMENT PERIOD
    * THERE HAS BEEN NO CHANGE IN THE TOTAL COST OF THE SERVICES
WHICH
IS $15 MILLION TO BE OFFERED BY MCKINSEY
    * $2.5 MILLION OF THE TOTAL SERVICE FEE SHALL BE PAID TO
MCKINSEY
IN FIVE EQUAL INSTALLMENTS BY AYKARGO

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA2vjG3h
    
 Further company coverage:  AYGAZ.IS  
   


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