Turkey's Getir signs non-binding deal to buy shares in Sok

Sok Marketler Ticaret AS

12/11/2021 19:12

ANKARA, Nov 12 (Reuters) - Turkish fast grocery-delivery
company Getir has signed a non-binding deal to buy shares of Sok
supermarket chain  SOKM.IS , a statement from Sok said on
Friday. 
    "In order to create synergy in the digital field, a
non-binding letter of intent was signed (...) for the sale of
some of the shares owned by Yildiz Holding and its subsidiaries
in Sok to Getir," the statement, made to Bourse Istanbul, said.
    Yildiz Holding directly owns some 5.5% of Sok Marketler,
while its subsidiary Gozde owns some 23%.
    Founded in 2015, Istanbul-based Getir pioneered the category
of 10-minute delivery for customers who order by smartphone app,
with riders fanning out from neighbourhood warehouses that stock
essential groceries.
    Reuters reported early on Friday that Getir could hold
another round of funding to finance its growth in the United
States and would eventually like to expand to 300 cities in the
country, Chief Executive Officer Nazim Salur said.  urn:newsml:reuters.com:*:nL1N2S3079
     

 (Reporting by Ebru Tuncay;
Writing by Ece Toksabay; Editing by Kirsten Donovan)
 ((ece.toksabay@tr.com; +90 312 2927022; Reuters Messaging:
ece.toksabay.reuters.com@reuters.net))