Brief: Sabanci Holding To Apply To Competition Authority For Sale Of Its Entire Shares In Unit Philsa Philip Morris And Unit Philip Morris Sabanci To Philip Morris Products At 2.89 Bln Lira

Haci Omer Sabanci Holding

06/10/2021 16:33

Oct 6 (Reuters) - HACI OMER SABANCI HOLDING  SAHOL.IS :
    * SAID ON WEDNESDAY SABANCI HOLDING HAS DECIDED TO APPLY TO
COMPETITION AUTHORITY FOR SALE OF 25% SHARES IN UNIT PHILSA
PHILIP MORRIS SABANCI SIGARA VE TUTUNCULUK AND 24.75% SHARES IN
UNIT PHILIP MORRIS SABANCI PAZARLAMA TO PHILIP MORRIS PRODUCTS
S.A. AT 2.89 BILLION LIRA   
    * SHARE SALE AND PURCHASE AGREEMENT WILL BE SIGNED BETWEEN
SABANCI
HOLDING AND PHILIP MORRIS PRODUCTS, AND THE CLOSING PROCEDURES
WILL BE CARRIED OUT SUBJECT TO THE COMPETITION BOARD'S APPROVAL 

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA48WctQ
 Further company coverage:  SAHOL.IS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))