In order to support ready-to-go/packaged food sale channels in our online and physical stores and to help meet the daily food needs of our employees, new investment opportunities have been evaluated. Hence;
It has been resolved to invest in CRC Danışmanlık ve Organizasyon Anonim Şirketi ("CRC"), which has a nominal capital of TL 10,000,000 and operates in packaged food production and sale, and to acquire 200,000 shares corresponding to 50% of the paid-in capital of CRC with an amount of USD 2,900,000 equivalent of TL.
In this respect, Migros Ticaret A.Ş. shall acquire 100,000 shares corresponding to 25% of the paid-in capital of CRC and our subsidiary Dijital Platform Gıda Hizmetleri A.Ş. ("Dijital Platform") shall acquire 100,000 shares corresponding to 25% of the paid-in capital of CRC. The amount to be paid for this transfer of shares is subject to change depending on the closing date.
The closing date shall be determined following the completion of the necessary prerequisites, and in any case, the date shall not be later than 15 November 2023.
(In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.)