Hacı Ömer Sabancı Holding A.Ş. ("Sabancı Holding") and Dia Group have signed a share transfer agreement with Şok Marketler Ticaret A.Ş. ("Şok") and Yıldız Holding A.Ş ("Yıldız Holding") for the sale of 100% of Diasa Dia Sabancı Süpermarketleri Ticaret A.Ş. ("Diasa") on April, 19th 2013. The transaction is subject to the necessary regulatory approvals and fulfillment of other conditions precedent.
Diasa, established in 1999, is amongst the leading discount retail store chains in Turkey with 1,093 stores as at the end of 2012. According to the said agreement, the whole enterprise value of Diasa has been determined as TRY 320 million, excluding adjustments.
Established in 1999 and has been operating nationwide throughout Turkey with 1,286 stores, Şok is one of the leading discount retail store chains in the domestic market.
Ünlü Menkul Değerler A.Ş. ("Ünlü & Co", formerly Standard Ünlü Menkul Değerler A.Ş.) acted as the financial advisor to Şok and Yıldız Holding in this project.
Ünlü & Co is the market leader in corporate finance advisory transactions specializing in cross border mergers and acquisitions, disposals, formation of strategic alliances, joint ventures, private placements and public offers in Turkey.