The sale of Hepsiburada has been approved – Technology News
In the statement made on the Competition Authority’s website, the statement said, “The acquisition of the majority shares and sole control of D-Market Elektronik Hizmetleri ve Ticaret Anonim Şirketi, which is under the sole control of Hanzade Vasfiye Doğan BOYNER, by Joint Stock Company Kaspi.kz has been permitted.”
In the past weeks, a statement was made by the Kazakh Kaspi company that the acquisition process had started.
In the statement, it was stated that within the scope of the transaction, the total share transfer value was approximately 1 billion 127 million US dollars and it was agreed that the payment would be made in 2 installments. It was also stated that the share transfer agreement was subject to customary closing conditions and obtaining administrative permits in Turkey and that the closing was expected to take place in the first quarter of 2025.
In the statement, it was stated that the agreement was signed yesterday for the purchase of Class A and B shares corresponding to 65.4 percent of Hepsiburada’s capital.
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