Koç Holding A.S. completed the acquisition of 80% stake in Kemer Medical Center Özel Saglik Hizmetleri Turizm ve Ticaret A.S. from GTR Credit Europe B.V., Güngör Fatih Çaylak, Ata Demirel and 7 other real persons for ?82.8 million.
March 26, 2024
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Koç Holding A.S. (IBSE:KCHOL) agreed to acquire 80% stake in Kemer Medical Center Özel Saglik Hizmetleri Turizm ve Ticaret A.S. from GTR Credit Europe B.V., Güngör Fatih Çaylak, Ata Demirel and 7 other real persons for an enterprise value of ?110 million on January 3, 2024. The consideration is paid in cash. It has been agreed that the purchase price shall be determined based on an enterprise value of ?110 million which will be subject to net debt and working capital adjustments. The Purchase Price will be finally determined upon finalization of the financial statements of KMC dated December 31, 2023. It is also intended that a shareholders' agreement in relation to the management of KMC, the principles regarding the remaining shares and rights and obligations of its shareholders will be executed between our Company, Mr. Ata Demirel and Mr. Güngör Fatih Çaylak who will remain as 20% shareholders in KMC upon Completion. Completion is subject to fulfilment of certain closing conditions, including obtaining approval of the Competition Authority. If closing does not take place until April 30, 2024; parties will have the right to terminate the agreement.
Koç Holding A.S. (IBSE:KCHOL) completed the acquisition of 80% stake in Kemer Medical Center Özel Saglik Hizmetleri Turizm ve Ticaret A.S. from GTR Credit Europe B.V., Güngör Fatih Çaylak, Ata Demirel and 7 other real persons for ?82.8 million on March 27, 2024. The transaction has obtained all the closing conditions.
Koc Holding AS is a Turkey-based holding company, which operates in a number of sectors though its subsidiaries. The Company operates under the following business segments: Energy, Automotive, Consumer Durables, Finance and Other. Its Other segment is engaged in the food, retail, tourism, Information Technology (IT) and ship construction activities. The Energy segment is engaged in the power generation, mining, petroleum shipping, and in the production and trading of petroleum products, natural gas and Liquefied Petroleum Gas (LPG) activities. The Automotive segment is engaged in the production, trading, insurance and car rental activities. The Consumer Durables segment is engaged in the production and sale of a range of consumer durables, such as air conditioners. The Finance segment is engaged in the banking, consumer finance, factoring, leasing, brokerage, portfolio management, financial consulting, real estate and insurance activities.
Koç Holding A.S. completed the acquisition of 80% stake in Kemer Medical Center Özel Saglik Hizmetleri Turizm ve Ticaret A.S. from GTR Credit Europe B.V., Güngör Fatih Çaylak, Ata Demirel and 7 other real persons for ?82.8 million.