According to the company’s statement, a total of 310,043,672.153 shares owned by Artaş were sold to a buyer group consisting of Aslan Lena Yatırım Demir Çelik San. A.Ş., Harun Çevik, Mahmut Arslan, and Mustafa Cihad Arslan for a total consideration of TRY 2,026,376,121.81. Of the transferred shares, 63% were acquired by Aslan Lena, 15% each by Harun Çevik and Mahmut Arslan, and 7% by Mustafa Cihad Arslan.
Under the Share Transfer Agreement signed between the parties on May 22, 2026, the sale and transfer transactions were completed on June 2, 2026, and the closing procedures were finalized on the same date.
Following the transaction, the buyers’ shareholding and voting rights in the company increased to 80.43%. As a result, it was stated that a mandatory tender offer obligation arose under the Capital Markets Board’s Communiqué No. II-26.1 on Mandatory Tender Offers. The buyers indicated that they would fulfill this obligation in accordance with the applicable regulations.
Regarding the mandatory tender offer price, it was noted that the arithmetic average of the adjusted weighted average stock exchange prices formed during the six-month period preceding June 2, 2026, the date of the public disclosure, was TRY 10.969. While the price specified in the Share Transfer Agreement was TRY 6.5358 per share with a nominal value of TRY 1, the mandatory tender offer price was calculated at TRY 10.969, taking into account the regulatory minimum threshold. It was stated that the final price will be determined following the approval of the Capital Markets Board.
It was further noted that the shareholders eligible to participate in the mandatory tender offer, as well as the number of shares covered, will be determined based on the date on which the transfer of management control was publicly disclosed. The relevant list will be prepared by the Central Securities Depository of Türkiye (MKK).
In addition, the buyers are expected to submit an application to the Capital Markets Board regarding the tender offer, and the process will be carried out in accordance with the provisions of the relevant communiqué.
Meanwhile, it was disclosed that information regarding the start of the sale negotiations had been communicated to the company on May 15, 2026. However, the public disclosure of this information was postponed because the process had not yet been finalized and to avoid misleading investors. Following the signing of the Share Transfer Agreement and the completion of the transaction, the information was subsequently disclosed to the public.
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