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Related Companies
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Related Funds
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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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04/11/2022
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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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21/10/2022
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Uçak Koltuk Üretimi San. ve Tic. A.Ş.
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Design and manufacture of aircraft seats and their parts
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oda_CapitalOfNoncurrentFinancialAsset|
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29.700.000 TL
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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08/12/2022
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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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14.850.000 TL
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oda_PurchasePricePerShare|
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-
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oda_TotalPurchasingValue|
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-
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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50%
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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100% (Directly 95%, Indirectly 5%)
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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100% (Directly 95%, Indirectly 5%)
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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Less than 1%
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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Less than 1%
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oda_EffectsOnCompanyOperations|
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Strengthening Turkish Airlines? aircraft seats manufacturing and procurement activities
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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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Kibar Holding A.Ş.
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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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27/10/2022
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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It was determined by bargaining between the parties.
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oda_DidValuationReportBePrepared|
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Düzenlendi (Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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-
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oda_DateAndNumberOfValuationReport|
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26/10/2022
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oda_TitleOfValuationCompanyPreparedReport|
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DRT Kurumsal Finans Danışmanlık Hizmetleri A.Ş. (Deloitte)
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oda_ValueDeterminedInValuationReportIfExists|
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-
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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In addition to the capital investments and expenditures Kibar Holding A.Ş has made so far, the goodwill value has been attributed by Turkish Airlines for the acquisition price due to; know-how brought by Kibar Holding A.Ş., the time value of the investments, expected synergy from the merger, and the reward for the strong shareholding structure.
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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Within the scope of merging our cabin interior areas and products manufacturing subsidiaries, Our Incorporation has completed the pre-conditions to acquire %50 shares of our subsidiary Uçak Koltuk Üretimi San. ve Tic. A.Ş. ("TSI"), in which Turkish Airlines owns %50 shares directly and indirectly, from Kibar Holding A.Ş. The closing procedures for the transfer of the remaining %50 shares in TSI were completed on 8.12.2022.
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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