Core Viewpoint - Hepsiburada has received all necessary regulatory approvals for the sale of 65.4% of its outstanding shares to Kaspi.kz, marking a significant step in the company's ownership transition [1]. Regulatory Approvals - As of January 2, 2025, the Turkish Competition Board, the Banking Regulation and Supervision Agency, the Information Technologies and Communications Authority, and the Central Bank of the Republic of Türkiye have granted the required approvals for the stock purchase agreement dated October 17, 2024 [1]. Extraordinary General Assembly - The Board of Directors has called for an Extraordinary General Assembly Meeting on January 31, 2025, at 15:00, to discuss various agenda items including the election of Board members and amendments to the Articles of Association [2][5]. Voting Rights - Holders of the Company’s American Depositary Shares (ADSs) must act through The Bank of New York Mellon to exercise their voting rights for the underlying shares [3]. Company Overview - Hepsiburada is a leading e-commerce technology platform in Türkiye, operating a hybrid model that includes first-party direct sales and a third-party marketplace with approximately 100,000 merchants [8]. Services Offered - The platform provides a wide range of services including last-mile delivery, fulfillment services, advertising solutions, cross-border sales, payment services, and affordability solutions, enhancing convenience for consumers and driving sales for merchants [9]. Social Impact - Since its founding in 2000, Hepsiburada has focused on empowering women in the Turkish economy, notably through its "Technology Empowerment for Women Entrepreneurs" program, which has supported nearly 57,500 female entrepreneurs [10].
Hepsiburada Announces Grant of All Regulatory Approvals for Change of Control and Call for Extraordinary General Assembly Meeting