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Metair Investments Ltd Announces Proposed Mutlu Acquisition

Thursday, 10 Oct 2013 02:33am EDT 

Metair Investments Ltd announced that on October 9, 2013 Metair concluded a share purchase agreement (SPA) with Attila Türker and Ali Nuri Türker acting for themselves and other members of the Türker family (hereafter collectively referred to as the Sellers) in terms of which Metair, acting through its Netherlands subsidiary, Metair International Holdings Coöperatief U.A. (MIH) (or a wholly owned subsidiary of MIH): will, subject to fulfilment of the conditions precedent outlined, acquire 100% of the issued share capital of Mutlu Holding along with residual stakes owned by the Sellers in the subsidiaries of Mutlu Holding (Mutlu Acquisition); and intends to enter into an agreement with the holders of the remaining 45% of the issued shares in Plastik to acquire their shares in Plastik on substantially similar terms and conditions, (collectively, the Transaction). aggregate purchase price for the Transaction is USD217 million (Purchase Price). 

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104.0 +3.26%
19 Dec 2014