Brief: Migros Ticaret Says It Signs Agreement To Sell Its Subsidiary In Kazakhstan To TOO Evrazia Almaty For Nearly $34.5 mln

Migros Ticaret AS

24/07/2024 05:53

July 24 (Reuters) - MİGROS TİCARET  MGROS.IS :
    * SAID ON TUESDAY SIGNS AGREEMENTS TO SELL 100% SHARES AS
WELL AS
LIABILITIES OF ITS SUBSIDIARY RAMSTORE KAZAKHSTAN LLC, WHICH
PREVIOUSLY DIVESTED FOOD RETAIL OPERATIONS IN KAZAKHSTAN AND
CONTINUES ITS OPERATIONS SOLELY WITH MANAGEMENT OF A SHOPPING
MALL IN ALMATY, FOR NEARLY $34.5 MILLION TO TOO EVRAZIA ALMATY
    * SAYS COLLECTION OF SAID AMOUNTS HAS BEEN COMPLETED ON JULY
23
WITHIN SCOPE OF THE AGREEMENTS COMING INTO FORCE 
    * SAYS THIS DECISION, WHICH HAS BEEN TAKEN IN LINE WITH
MIGROS'
LONG-TERM STRATEGIES, WILL CONTRIBUTE TO COMPANY'S PROFITABLE
AND SUSTAINABLE GROWTH TARGETS IN ITS DOMESTIC OPERATIONS

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nIKAbQXwJH
 Further company coverage:  MGROS.IS  

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