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Related Companies
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Related Funds
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English
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oda_NoncurrentFinancialAssetSaleAbstract|
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oda_UpdateAnnouncementFlag|
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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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17.01.2023
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForSale|
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31/07/2023
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
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Yes
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oda_TitleOfNoncurrentFinancialAssetSold|
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Beko PLC and Beko Balkans d.o.o.
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oda_FieldOfActivityNoncurrentFinancialAssetSold|
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Consumer Durables and Electronics
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oda_CapitalOfNoncurrentFinancialAssetSold|
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Beko PLC 500.000 GBP, Beko Balkans d.o.o. 130.000.000 RSD
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oda_DateOnWhichRheTransactionWasWillBeCompleted|
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31.07.2023
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oda_SalesConditions|
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Peşin (Cash)
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oda_NominalValueOfSharesSold|
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Beko PLC 255.000 GBP, Beko Balkans d.o.o. 130.000.000 RSD
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oda_SalesPricePerShare|
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Beko PLC: around 247 GBP, Beko Balkans d.o.o.: around 0,35 EUR
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oda_TotalSalesValue|
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The sales value is determined as 45.3 million EUR for 100% shares of Beko Balkans d.o.o and 63.1 million Pound for 51% shares of Beko PLC.
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oda_RatioOfSharesSoldToCapitalOfNoncurrentFinancialAsset|
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Beko PLC: %51, Beko Balkans d.o.o. %100
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterSalesTransaction|
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Beko PLC: %0, Beko Balkans d.o.o.: %0
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterSalesTransaction|
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Beko PLC: %0, Beko Balkans d.o.o.: %0
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oda_RatioOfNoncurrentFinancialAssetSoldToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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Beko PLC: %1,2, Beko Balkans d.o.o.: %0,7
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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Beko PLC: %1,6, Beko Balkans d.o.o.: %1,0
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oda_EffectsOnCompanyOperations|
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As announced in our dislosure dated January 17, 2023, in line with the growth strategy of Arçelik, a Contribution Agreement has been signed in order to merge all of Arçelik and Whirlpool Corporation's production, sales and marketing subsidiaries operating in Europe under a structure that Arçelik will control with majority share. Due to the Agreement the sales of subsidiary shares will be made.
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oda_ProfitLossArisedAfterTransaction|
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Mentioned companies are currently subsidiaries of Arçelik, thus there is no profit/loss in the TFRS financial reports.
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oda_HowWillSalesProfitBeUsedIfExists|
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-
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oda_BoardDecisionDateForUseOfSalesProfitIfExists|
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-
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oda_TitleNameSurnameOfCounterPartyBought|
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Beko B.V. (former title Ardutch B.V.)
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Evet (Yes)
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oda_RelationWithCounterPartyIfAny|http://www.xbrl.org/2003/role/verboseLabel
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Arçelik has 100% shares of Beko B.V.
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oda_AgreementSigningDateIfExists|
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-
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Determined via the negotiations.
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oda_DidValuationReportBePrepared|
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Düzenlendi (Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Prepared
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oda_DateAndNumberOfValuationReport|
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31.07.2023
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oda_TitleOfValuationCompanyPreparedReport|
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DRT Kurumsal Finans Danışmanlık Hizmetleri A.Ş.
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oda_ValueDeterminedInValuationReportIfExists|
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According to valuation report the value is determined as 45,289,698.18 EUR for 100% shares of Beko Balkans d.o.o and 63,102,262.61 Pound for 51% shares of Beko PLC.
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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The transaction was fulfilled in accordance with the results in the valuation report.
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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As announced in our dislosure dated January 17, 2023, i) Arçelik A.Ş., ii) Beko B.V. (former Ardutch B.V.), iii) Whirlpool EMEA Holdings LLC, iv) Whirlpool Corporation and v) Beko Europe B.V. have signed a Contribution Agreement ("Agreement") in order to merge all of Arçelik's subsidiaries operating in Europe under Beko B.V. and the shares of these subsidiaries of Beko B.V. will be transferred to Beko Europe B.V., which was established in the Netherlands for the Arçelik-Whirlpool Europe Transaction. The shares of Beko B.V. will contributed to Beko Europe as adding capital in kind.
As part of this transaction, all shares of the Beko Balkans d.o.o. (Arçelik has 100% shares) and Beko PLC (Arçelik has a 51% shares) will be transferred to Beko B.V.. According to the resolution of Arçelik's Board of Directors dated July 31, 2023, it has been decided to transfer i) the %51 shares of Beko PLC for a value of 63,102,262.61 Pounds and (ii) the %100 shares of Beko Balkans d.o.o for a value of EUR 45,289,698.18 to Beko B.V. considering the valuation reports prepared by DRT Corporate Finance Danışmanlık Hizmetleri A.Ş.. The operation of the transfer was completed on the same day.
As the sales value exceeded the thresholds defined in Article 9 of the Corporate Governance Communiqué, a summary of the independent valuation report prepared by DRT Kurumsal Finans Danışmanlık Hizmetleri A.Ş., is attached. The resolution of the Arçelik Board of Directors which is evaluating the aforementioned reports and the transaction perimeters was taken unanimously by all the Board Members, including the Independent Board Members.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
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