Nurol Gayrimenkul Yatirim Ortakligi AS (IBSE: NUGYO) signed an agreement to acquire Medya Towers Property in Instanbul from Hurriyet Gazetecilik ve Matbaacilik AS (IBSE: HURGZ) for approximately $130 million on January 27, 2012. The consideration includes $17.5 million paid on the date of agreement and the remaining sum is paid in equal installments in 36 months as from March 6, 2012, and the outstanding balance that remains after the installment payments is charge with 3.5% interest. The Board of Directors of Hurriyet Gazetecilik ve Matbaacilik AS approved the sale on January 31, 2012. The agreement was signed before the Notary Public. Hurriyet Gazetecilik ve Matbaacilik will record a profit of $77.4 million (TRY 139.25 million) from the sale. The transaction is expected to close within 15 days of the agreement. The conversion is done from www.oanda.com as of January 27, 2012.