Hepsiburada Announces Plans to Acquire Consumer Finance Company in Turkey
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Friday, December 17, 2021
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ISTANBUL, Dec. 17, 2021 /PRNewswire/ --D-MARKET Electronic Services & Trading ("Hepsiburada", or the "Company"), a leading Turkish e-commerce platform, today announces the entry into a definitive agreement to acquire Doruk Finansman A.., a Turkish consumer finance company ("Doruk Finansman").
Key Points:
- ISTANBUL, Dec. 17, 2021 /PRNewswire/ --D-MARKET Electronic Services & Trading ("Hepsiburada", or the "Company"), a leading Turkish e-commerce platform, today announces the entry into a definitive agreement to acquire Doruk Finansman A.., a Turkish consumer finance company ("Doruk Finansman").
- Once completed, Hepsiburada will be able to offer its customers diversified consumer financing solutions matching their affordability needs, enhancing its value proposition through providing financial flexibility.
- In accordance with the Turkish regulatory requirements, the Company retained KPMG to issue an independent valuation report with respect to the Transaction Value.
- At closing, the Company will pay the Sellers in cash an aggregate of TRY 5 million on a pro rata basis.