Brief: Tofas Says Competition Board Deemed Commitments Insufficient For Acquisition Of Stellantis Otomotiv

Tofas Turk Otomobil Fabrikasi

25/10/2024 07:22

Oct 25 (Reuters) - TOFAŞ TÜRK OTOMOBİL FABRİKASI
 TOASO.IS :
    * SAYS COMPETITION BOARD DEEMED COMMITMENTS GIVEN REGARDING
TAKEOVER STELLANTIS OTOMOTIV PAZARLAMA INSUFFICIENT
    * DECISION IS REGARDING SHARE PURCHASE AGREEMENT WITH
STELLANTIS
OTOMOTIV PAZARLAMA WITH ALL SHARES OF COMPANY WITH ITS
OPERATIONS AND DISTRIBUTION RIGHTS OF STELLANTIS BRANDS,
DISCLOSED ON JULY 29, 2023
    * RELEVANT DECISION IS OF AN INTERIM NATURE AND AFTER
DETAILED
EVALUATIONS TO BE MADE AFTER NOTIFICATION OF RELEVANT DECISION
TO TOFAS, ADDITIONAL EXPLANATIONS WILL BE SUBMITTED TO
COMPETITION BOARD WITHIN LEGAL PERIOD 
    * RELEVANT DECISION IS NOT FINAL AND PROCESS IS ONGOING,
IMPORTANT
DEVELOPMENTS REGARDING MATTER WILL BE SHARED WITH OUR INVESTORS

        
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