AG Anadolu Group Holding on Wednesday signed a binding share switch settlement with Qatari Boheme Funding GmbH for the sale of shares representing 100% of the capital of its subsidiary, Anadolu Restaurant, which operates the McDonald’s franchises in Turkey.
The holding made the associated assertion to the Public Disclosure Platform (KAP).
“A binding share switch settlement was signed between our firm and Boheme Funding GmbH on Could 11, 2022,” the assertion famous.
It was additionally acknowledged that the completion of the share switch is topic to the success of the stipulations within the share switch settlement and that the switch is anticipated to be concluded within the first half of 2022.
Based on the settlement reached by the events, the switch worth will likely be decided by excluding the web debt quantity in Anadolu Restaurant’s stability sheet on the time limit and netting out the opposite belongings and liabilities outlined within the share switch settlement from the quantity of $54.5 million, the assertion stated.
It’s estimated that the quantity to be calculated by excluding the talked about web debt quantity and different belongings and liabilities outlined within the share switch settlement is roughly $5 million to $6 million.
Vienna-based Boheme Funding GmbH is the subsidiary of Kamal Saleh Al Mana, a Qatari investor. Kamal Saleh Al Mana additionally has a partnership that operates the franchise of McDonald’s eating places in Qatar.
