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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  AG Anadolu Grubu Holding AS    AGHOL   TRAYAZIC91Q6

AG ANADOLU GRUBU HOLDING AS

(AGHOL)
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Yazicilar : Announcement regarding the exercise of the buy/sell option in MH Perakendecilik ve Ticaret A.Ş

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05/04/2017 | 04:24am EDT

As stated in our announcement dated July 15, 2017, in regard of the 19.5% share of BC Partners managed Moonlight Capital S.A. (Moonlight Capital) in MH Perakendecilik ve Ticaret A.Ş. (MH Perakendecilik), which holds 50% shares of Migros Ticaret A.Ş. (Migros), Anadolu Endüstri Holding A.Ş. (AEH) retained a 'buy option' and Moonlight Capital retained a 'sell option', to be exercised within the May 1, 2017 and October 31, 2017 period.

In this context, Moonlight Capital has notified AEH on May 2, 2017 of its decision regarding the exercise of the aforementioned sale option.

In regard of this transaction, it is calculated that AEH will pay total amount of TL 509,029,436 after deductions, for the purchase of 19.5% shares of MH Perakendecilik, based on per share price of TL 30.2 for Migros, in line with the provisions of the Share Purchase Agreement dated Dec. 31, 2014. The exercise of the option will be completed by the end of the 10th business day following this notification; i.e. May 16, 2017 pursuant to the transfer of purchase amount and shares, again along the provisions of the Share Purchase Agreement. Following the transaction, while AEH's share in MH Perakendecilik will increase to 100.0% and accordingly its indirect share in Migros will increase to 50.0%, BC Partners' share in Migros through the funds it manages will be at 30.5%. Migros will continue to be managed as co-control by BC Partners' managed funds and AEH; as such there will be no mandatory tender offer requirement.

Yazicilar Holding AS published this content on 03 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 May 2017 07:24:22 UTC.


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Financials
Sales 2020 58 348 M 7 026 M 7 026 M
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 4 427 M 534 M 533 M
Capi. / Sales 2020 0,08x
Capi. / Sales 2021 0,07x
Nbr of Employees 57 577
Free-Float 37,9%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 21,15 TRY
Last Close Price 18,18 TRY
Spread / Highest target 32,0%
Spread / Average Target 16,3%
Spread / Lowest Target 0,66%
Managers
NameTitle
Mehmet Hursit Zorlu Chief Executive Officer
Tuncay ÷zilhan Chairman
Can «aka Group Chief Financial Officer
Serkant Paker Chief Information Officer
Salih Metin Ecevit Director
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