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Related Companies
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[CIMSA]
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Related Funds
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[]
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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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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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01.10.2020; 14.10.2020; 16.11.2020; 09.07.2021
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForAcquisition|
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10/10/2022
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Cimsa Sabanci Cement BV
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Investing, trading, and distributing cement and building materials
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oda_CapitalOfNoncurrentFinancialAsset|
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187,000,000 EUR
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oda_AcquirementWay|
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Sermaye Artırımı Yoluyla Edinim (Capital Increase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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31.10.2022
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oda_AcquisitionConditions|
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Peşin (Cash)
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oda_DetailedConditionsIfItIsATimedPayment|
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-
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oda_NominalValueOfSharesAcquired|
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60.000.000 EUR
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oda_PurchasePricePerShare|
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1 EUR
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oda_TotalPurchasingValue|
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60.000.000 EUR
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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60
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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60
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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60
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0.10
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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1.26
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oda_EffectsOnCompanyOperations|
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Positive
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oda_DidTakeoverBidObligationArised|
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Hayır (No)
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oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
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Hayır (No)
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oda_TitleNameSurnameOfCounterParty|
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-
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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-
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oda_AgreementSigningDateIfExists|
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-
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Based on nominal value
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Determined based on nominal value of shares issued
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oda_DateAndNumberOfValuationReport|
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-
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oda_TitleOfValuationCompanyPreparedReport|
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-
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oda_ValueDeterminedInValuationReportIfExists|
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-
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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-
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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In accordance with the shareholders resolution of Cimsa Sabanci Cement BV (CSC BV) dated October 31, 2022, it has been decided to increase the share capital from its current EUR 87,000,000 to EUR 187,000,000 by increasing EUR 100,000,000. Sabancı Holding will subscribe to the capital increase in proportion to its shares (60%) in CSC BV.
In case of a discrepancy between the Turkish and English versions of this public disclosure statement, Turkish version shall prevail.
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