A binding share purchase agreement has been signed between our Company and Boheme Investment GmbH on 11 May 2022 for the sale of shares representing 100% of the capital of Anadolu Restoran, our 100% owned subsidiary and franchise operator of McDonald's restaurants in Turkey, to Boheme Investment GmbH or one of its subsidiaries in Turkey.  

The completion of share transfer is subject to the fulfillment of the preconditions defined in the share purchase agreement and is expected to be finalized in the first half of 2022.

According to the agreement reached by the parties, the transfer price for the shares representing 100% of the capital of Anadolu Restoran will be determined by subtracting the amount to be calculated by netting the net debt and other assets and liabilities determined under the share purchase agreement in the balance sheet of Anadolu Restoran on the closing date of the transaction from 54.500.000 USD. The mentioned amount to be calculated by subtracting and netting the net debt and other assets and liabilities determined under the share purchase agreement is estimated to be around 5-6 million USD. 

Boheme Investment GmbH is a company located in Vienna/Austria and is a subsidiary of a Qatari investor, Kamal Saleh Al Mana, who has a partnership in the company that operates the franchise business of McDonald's restaurants in Qatar.