Ihlas Holding Anonim Sirketi (IBSE:IHLAS) acquired additional 25% stake in Ihlas Insaat Holding A.s from Ihlas Pazarlama A.S. for TRY 98.2 million on December 31, 2014. Under the terms of the transaction, Ihlas Holding acquired 17.5 million shares at TRY 5.61 per share. The consideration amount will be deducted from the receivables of Ihlas Pazarlama. Pursuant to the transaction, Ihlas Holding will own 95% stake in Ihlas Insaat Holding.

Ihlas Holding Anonim Sirketi (IBSE:IHLAS) completed the acquisition of additional 25% stake in Ihlas Insaat Holding A.s from Ihlas Pazarlama A.S. on December 31, 2014.