D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi completed the acquisition of 100% stake in Doruk Finansman A.S. from Dogan Sirketler Grubu Holding A.S., Dogan Dis Ticaret VE Mumessillik A.S. and Dogan family individuals.
D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (NasdaqGS:HEPS) completed the acquisition of 100% stake in Doruk Finansman A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL), Dogan Dis Ticaret VE Mumessillik A.S. and Dogan family individuals for TRY 20 million on February 28, 2022. At closing Dogan Sirketler Grubu Holding A.S., the holder of 97% equity interest in Doruk Finansman, Dogan Dis Ticaret ve Mümessillik A.S. and Dogan family individuals an aggregate of TRY 5 million in cash on a pro rata basis. Also at closing, DoHol TRY paid 15 million in cash upon Doruk Finansman's collection of certain receivables identified in its financial statements as of the closing day. The Conditional Amount will be paid to DoHol depending on the collection of receivables starting three months after the closing within a maximum of 10 year period. After the transaction Doruk Finansman became indirect wholly-owned subsidiary of Hepsiburada. The transaction was approved by the Company's Audit Committee, the Corporate Governance Committee, as well as the Board of Directors and regulatory approvals.