Brief: Halk REIT Says It Signs Ordinary JV Share Purchase Agreement To Acquire A 57.5% Stake In Existing Kemerburgaz Ordinary JV

Halk Gayrimenkul Yatirim Ortakligi

25/06/2025 05:12

Refiles headline

June 25 (Reuters) - HALK GAYRİMENKUL YATIRIM ORTAKLIĞI HLGYO.IS:

SAID ON TUESDAY WILL SIGN "ORDINARY JOINT VENTURE SHARE PURCHASE AGREEMENT" TO ACQUIRE A 57.5% STAKE IN EXISTING "KEMERBURGAZ ORDINARY JOINT VENTURE"

BASED ON THE VALUATION STATED IN THE REPORT BY BIZIM MENKUL DEĞERLER THE 57.5% SHARE SHALL BE PURCHASED FOR A PRICE OF 575.0 MILLION LIRA

SHALL PARTICIPATE IN "KEMERBURGAZ ORDINARY JOINT VENTURE" WITH A 57.5% SHARE

"REVENUE SHARING AGREEMENT" SHALL BE SIGNED BETWEEN THE LANDOWNERS AND THE "KEMERBURGAZ ORDINARY JOINT VENTURE" (WITH 35% ALLOCATED TO THE LANDOWNERS AND 65% TO "KEMERBURGAZ ORDINARY JOINT VENTURE

Source text: nIKAbv56xc
Further company coverage: HLGYO.IS

(Gdansk Newsroom)

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