Altinyildiz Mensucat ve Konfeksiyon Fabrikalari Anonim Sirketi (IBSE:ALTIN) signed a memorandum of understanding to acquire additional 30% stake in Boyner Buyuk Magazacilik Anonim Sirketi (IBSE:BOYNR) from Citi Venture Capital International for $96.7 million on March 14, 2013. In a related transaction, Altinyildiz Mensucat ve Konfeksiyon Fabrikalari Anonim Sirketi (IBSE:ALTIN) signed a memorandum of understanding to acquire remaining 50% stake in Beymen Magazacilik A.S. from Citi Venture Capital International for approximately $380 million on March 14, 2013. As of May 31, 2013, Altinyildiz Mensucat ve Konfeksiyon Fabrikalari Anonim Sirketi (IBSE:ALTIN) entered in a agreement to acquire additional 30% stake in Boyner Buyuk Magazacilik Anonim Sirketi (IBSE:BOYNR) from Citi Venture Capital International.

Carlton Evans, Andrew Lynch, Trevor Clark and Sudhir Nair of Linklaters LLP acted as legal advisors for Citi Venture Capital International.