Within the scope of the announcement made by TCC Group Holdings Co., Ltd., it has been announced to the public that Cimpor International Holdings ("Cimpor International"), which is planned to be established under the TCC umbrella and to bring together the cement and concrete building materials operations in Türkiye, Europe and Africa, intends to initiate a process towards a listing on an overseas stock exchange.
Within this structure, OYAK Cement is positioned as a core industrial and operational platform of Cimpor International, supported by its strong production capacity in Türkiye, extensive plant and distribution network, operational capabilities and financial strength.
The planned strategic structure aims to bring together the different geographies, products and activities within Cimpor International under a single international platform, enhance the Cimpor International's visibility in international capital markets, broaden its investor base, accelerate its low-carbon growth strategy and support long-term sustainable growth. Regarding these objectives, key priorities include the development of low-carbon cement and binder products to reduce the carbon footprint and CO₂ emissions intensity, increasing the use of calcined clay and other low-carbon mineral additions and increasing the use of alternative fuels.
Within the scope of the contemplated structure, there is no change to the existing operations or management of OYAK Cement Factories Inc. ("OYAK Cement"), or to the status of its shares being traded on Borsa İstanbul A.Ş.
While continuing its existing operations and growth strategy in Türkiye, OYAK Cement will continue its growth and development in line with its regional leadership vision, thereby further strengthening its important role within Cimpor International's international growth, sustainability and decarbonization strategy.
Should any developments arise in relation to this matter that may affect our Company and require public disclosure pursuant to applicable capital markets legislation, the necessary disclosures will be made to the public in a timely manner.
Respectfully announced to the public and our valued stakeholders.
Note: In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail