Hepsiburada jumps as Kazakhstan's Kaspi.kz acquires majority stake for $1.13 bln
18/10/2024 12:33
** Shares in Turkish e-commerce technology platform
Hepsiburada HEPS.O up 71.82% at $3.78 before the bell
** Kazakhstan-based fintech company, Kaspi.kz KSPI.KZ ,
entered a deal to acquire 65.41% of total outstanding Class A
and Class B shares of co for $1.13 bln in cash
** Deal is expected to close in Q1 2025
** Kaspi.kz intends to use its own cash from operations and
cash at hand to finance the investment
** As of last close, HEPS up 22.2% YTD
(Reporting by Bageshri Banerjee)
((bageshri.banerjee@thomsonreuters.com;))