SBK Holding buys Silcolux Investment's shares in Kiraca Holding for $82 mln -source

Karsan Otomotiv Sanayii ve Ticaret AS

29/09/2020 10:19

ANKARA, Sept 29 (Reuters) - SBK Holding has purchased
Luxembourg-based Silcolux Investment's shares in Turkish
conglomerate Kiraca Holding for $82 million to become a 45%
shareholder of the company, a source familiar with the
transaction said on Tuesday.
    With the move, which was reported to Luxembourg authorities
on Sept. 25, SBK Holding will become Kiraca Holding's main
shareholder, the source said. 
    After the deal, SBK Holding will hold 45% of Kiraca Holding,
while Inan Kirac will hold 42.5% and the Kirac family will hold
the remaining 12.5%, the person added.
    Kiraca Holding was not immediately available for comment.

 (Reporting by Tuvan Gumrukcu and Ebru Tuncay
Editing by Dominic Evans)
 ((tuvan.gumrukcu@tr.com; +90 312 292 7021; @tuvangumrukcu;
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