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SAHOL.E — Haci Omer Sabanci Holding News Story

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Brief: Sabanci Holding Says Agreement Reached Regarding Sale Of Its Shares In Carrefoursa

April 20 (Reuters) - Haci Omer Sabanci Holding SAHOL.IS:

SAID ON FRIDAY AGREEMENT REACHED REGARDING SALE OF ITS SHARES IN CARREFOURSA

SIGNING OF AN AGREEMENT WITH AYDIN, OWNER OF THE A101 BRAND, FOR THE SALE OF THE 89% STAKE JOINTLY HELD BY CARREFOUR (32%) AND SABANCI (57%) IN CARREFOURSA

FINAL EQUITY VALUE TO BE CALCULATED BASED ON A TOTAL ENTERPRISE VALUE OF $325 MLN FOR CARREFOURSA

SHARE PURCHASE TRANSACTIONS TO BE COMPLETED FOLLOWING FULFILMENT OF ALL CONDITIONS IN AGREEMENT

AFTER THE SHARE TRANSFER TRANSACTION, COMPANY WILL NO LONGER HOLD ANY SHARES IN CARREFOURSA

 Source text: nIKA4pYSv8
 Further company coverage: SAHOL.IS

 (Gdansk Newsroom)

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