Brief: Migros To Acquire 50% Shares In CRC Danismanlik At $2.9 Million

Migros Ticaret AS

05/07/2023 05:28

July 5 (Reuters) - MIGROS TICARET  MGROS.IS :
    * SAID ON TUESDAY HAS DECIDED TO INVEST IN CRC DANIŞMANLIK
VE
ORGANIZASYON ANONIM ŞIRKETI AND TO ACQUIRE 200,000 SHARES 
CORRESPONDING TO 50% OF THE PAID-IN CAPITAL OF CRC WITH AN
AMOUNT OF $2.9 MILLION EQUIVALENT OF TURKISH LIRA 
    * MIGROS TICARET WILL ACQUIRE  100,000 SHARES  CORRESPONDING
TO
25% OF THE PAID-IN CAPITAL OF CRC AND ITS SUBSIDIARY DIJITAL
PLATFORM GIDA  HIZMETLERI WILL ACQUIRE 100,000 SHARES
CORRESPONDING TO 25% OF THE PAID-IN CAPITAL OF CRC
    * TO MAKE INVESTMENTS TO SUPPORT READY-TO-GO/PACKAGED FOOD
SALE
CHANNELS IN ITS ONLINE AND PHYSICAL STORES AND TO HELP MEET THE
DAILY FOOD NEEDS OF OUR EMPLOYEES
    * THE CLOSING DATE WILL BE DETERMINED FOLLOWING THE
COMPLETION OF
THE NECESSARY PREREQUISITES, AND IN ANY CASE, THE DATE WILL NOT
BE LATER THAN 15 NOVEMBER 2023

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA2Wv5Rh
 Further company coverage:  MGROS.IS  

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