Tat Gıda sold

Koç Holding has announced that the sale, transfer, and payment processes for the portion corresponding to 49.04 percent of Tat Gıda's total capital, as well as 15 founder's dividend shares, to Memişoğlu Tarım Ürünleri Ticaret Limited Şirketi have been completed.

In a statement made by Koç Holding to the Public Disclosure Platform (KAP), the following was stated: "Following the fulfillment of the closing conditions specified in our special case disclosure dated 08.01.2024 regarding the sale process of the shares of our subsidiary Tat Gıda Sanayi A.Ş. (Tat Gıda); the sale, transfer, and payment processes for the portion corresponding to 49.04 percent of Tat Gıda's total capital, as well as 15 founder's dividend shares, held by our Company, Koç Group companies including Arçelik and Aygaz, Koç Family Members, and foundations associated with the Koç Group, to Memişoğlu Tarım Ürünleri Ticaret Limited Şirketi have been completed."

The statement also included the information that, "The share transfer price, determined as 80 million 915 thousand 335.72 dollars for the total 49.04 percent stake in Tat Gıda subject to the transfer, will be subject to adjustment based on the net debt and net working capital amounts in the audited financial statements to be prepared based on the closing date."

News Source: 12punto