Brief: Sabanci Holding To Merge With Unit Exsa Export Through Acquisition

Haci Omer Sabanci Holding

25/05/2023 06:21

May 25 (Reuters) - SABANCI HOLDING  SAHOL.IS :
    * SAID ON WEDNESDAY DECIDES TO MERGE WITH 28.8% UNIT EXSA
EXPORT
THROUGH ACQUISITION 
    * AMONG ASSETS, ASIDE FROM CASH, EXSA OWNS REAL ESTATE
ASSETS,
50.0% OF TEMSA SKODA SABANCI ULASIM ARACLARI AND 100.0% OF TEMSA
MOTORLU ARACLAR THROUGH ITS SUBSIDIARIES
    * CIMSA OWNS 32.9% SHARES IN EXSA
    * SAYS CAPITAL INCREASE TO BE MADE WITHIN SABANCI HOLDING
AND
SHARES TO BE GIVEN TO EXSA'S SHAREHOLDERS OTHER THAN SABANCI
HOLDING IN RETURN FOR INCREASED CAPITAL
    * THERE WILL NOT BE ANY CASH OUTFLOW FROM SABANCI HOLDING
DURING
THE PROCESS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA36ztsZ
 Further company coverage:  SAHOL.IS  

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