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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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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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-
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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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15/12/2017
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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International Biscuits Company (A Limited Liability Company)
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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Consumer Goods and Packaged Food
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oda_CapitalOfNoncurrentFinancialAsset|
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25.000.000 Saudi Arabia Riyal / 6.666.666 US DOLLAR
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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Following the finalization of the application and approval procedures of Saudi Arabian authorities.
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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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25.000.000 Saudi Arabia Riyal / 6.666.666 US DOLLAR
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oda_PurchasePricePerShare|
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6,0 US DOLLAR
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oda_TotalPurchasingValue|
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40.000.000 US DOLLAR
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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100
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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100
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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100
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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2,1
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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3,9
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oda_EffectsOnCompanyOperations|
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Expecting a positive contribution in international markets
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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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UB Group Limited
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Evet (Yes)
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oda_RelationWithCounterPartyIfAny|
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Same Parent Company
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oda_AgreementSigningDateIfExists|
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15/12/2017
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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Mutually agreed value derived from Discounted Cash Flow Analysis
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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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21/08/2017
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oda_TitleOfValuationCompanyPreparedReport|
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Akis Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (Member of KPMG International).
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oda_ValueDeterminedInValuationReportIfExists|
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According to the valuation report, the enterprise value of the company was calculated between USD 47 - 67 million and the parties have mutually agreed on the enterprise value of USD 56 million. The equity value is calculated as USD 40 million by deducting net debt amount from the enterprise value at the date of the contract.
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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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The Board of Directors of our Company has resolved to purchase the entire shares in International Biscuits Company from UB Group Limited, an affiliate of Yıldız Holding. The enterprise value is USD 56.000.000 (FiftysixmillionAmericanDollar) and the total purchase price is USD 40.000.000 (FortymillionAmericanDollar) after net debt adjustment. Share transfer will be completed following the finalization of the application and approval procedures of Saudi Arabian authorities.
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