Tosyalı Holding announced on 6 July that the acquisition process of Baştuğ Metalürji shares was terminated by mutual agreement as a result of the evaluations made.
An agreement in principle was reached on 2 July regarding the sale of Baştuğ Metalürji's shares and assets to Tosyalı Holding, but a definitive statement had not yet been made.
The expected announcement by Tosyalı Holding was made on 6 July. The following statements were made in the statements made:
"In the press announcement we made on 2 July 2024, it was shared that the shares and all assets of Baştuğ Metalurji Sanayi A.Ş. operating in Osmaniye and Baştuğ Çelik Sanayi A.Ş. operating in Hatay Dörtyol were agreed in principle to be taken over by Tosyalı and the process was initiated. As a result of our evaluations at this point, the process of taking over the shares has been finalised by mutual agreement.
At this stage, it has been decided not to take over the companies in question, and we respectfully announce to the public that we have no relationship with the relevant companies."
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