The transfer of shares, representing Migros Ticaret A.Ş.'s 50 percent stake in MH Perakendecilik, has been completed as of May 17.
This is according to the statement published by Yazıcılar Holding on the Public Disclosure Platform (PDP), that the share transfer transactions in MH Perakendecilik ve Ticaret A.Ş. were completed on Wednesday.
The statement noted that a share purchase price of TL 509 million ($140 million) has been paid in total for the said transactions, and that in the financing of this amount, a four-year maturity loan of TL 403 million was provided by Anadolu Endüstri Holding AŞ (AEH), as well as AEH's existing cash resources were used.
In addition, Migros's management control will be equally shared by AEH and its funds managed by BC Partners, with no obligation to purchase any shares.