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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Hayır (No)
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Hayır (No)
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-
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Hayır (No)
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In accordance with the terms of the share sale and purchase / option agreement between our Company and the European Bank for Reconstruction and Development (EBRD) on November 10, 2014 with respect to the shares of our subsidiary Paşabahçe Cam Sanayii ve Ticaret A.Ş. (Paşabahçe), it has been decided to pay 152,559,975.76 Euro to EBRD as the share price and acquire 14.85% of the shares of Paşabahçe and thus consummate the option agreement. It has further been decided to use a credit of 100 million EURO and with an interest rate of EURIBOR + 2.40% from EBRD to be used for the payment of the above mentioned purchase price. The credit will have a grace period two years and thereafter will be repaid in 5 equal installment all of which will be paid in six months intervals. The relevant information will be shared once the required procedure with respect to the disclosed process is finalized.
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