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Hepsiburada’s majority shares transfer to Kaspi.kz. Hepsiburada, 65.4 percent of the company representing the A and B shares of Kazakhstan -based Kaspi.kz’ye transferred to the Nasdaq Stock Exchange announced. Within the scope of the stock procurement agreement signed on October 17, 2024, the written approvals given by the Competition Authority, Banking Regulation and Supervision Authority, Information and Communication Authority and the Central Bank of the Republic of Turkey were completed in recent weeks.
The total share transfer value is approximately 1 billion 127 million US dollars and 600 million dollars of this amount is paid to the sellers at the closing of the transaction, while the postponed cash payment of 526.9 million dollars will be completed within six months from the closing date.
In line with the agreement, Hepsiburada and Kaspi.kz will continue to operate by preserving their independent brand identities and operational structures.
Following the realization of the share transfer, the extraordinary general assembly in Hepsibura will take place on 31 January 2025. Hepsiburada’nın New Board of Directors will be determined at the general assembly meeting, along with other articles on the agenda, Kaspi.kz representatives Mikheil Lomtadze, Tengiz Mosidze, Yuri Didenko, Pavel Mironov and Sandro Berdzenishvili’nin Hepsiburada entering the Board of Directors will be decided.