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English
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Hayır (No)
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In accordance with the decision of our 100% subsidiary Turcas Enerji Holding A.Ş.'s Board of Directors dated 18.09.2017, Turcas Enerji Holding A.Ş. has resolved to merge with Turcas Yenilenebilir Enerji Üretim A.Ş., which is Turcas Enerji Holding A.Ş.'s 100% subsidiary, via takeover method whereby all assets and liabilities of Turcas Yenilenebilir Enerji Üretim A.Ş. shall be transferred to Turcas Enerji Holding A.Ş. as a whole and carry out necessary transactions in accordance with Turkish Commercial Code, Corporate Tax Law and related legislation.
In the meantime, in accordance with the decision of Turcas Petrol A.Ş.'s Board of Directors dated 18.09.2017, Turcas Petrol A.Ş. has resolved to merge with its 100% subsidiary Turcas Enerji Holding A.Ş. via takeover method whereby all assets and liabilities of Turcas Enerji Holding A.Ş. shall be transferred to Turcas Petrol A.Ş. as a whole and carry out necessary transactions in accordance with Turkish Commercial Code, Capital Markets Law, Corporate Tax Law and related legislation. Merger transaction between Turcas Enerji Holding A.Ş. and Turcas Petrol A.Ş. will be initiated after the completion of above mentioned merger between Turcas Yenilenebilir Enerji Üretim A.Ş. and Turcas Enerji Holding A.Ş.
Both of the merger transactions are aimed at effective management of subsidiaries portfolio, resource optimization leading to lower operational expenses and effective foreign currency risk management.
Further developments will be shared with the public on a timely basis.
Kind regards,
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