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AG Anadolu Community Conserving on Wednesday signed a binding part transfer agreement with Qatari Boheme Investment 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 conserving made the related commentary to the Public Disclosure Platform (KAP).

“A binding part transfer agreement used to be signed between our company and Boheme Investment GmbH on Can also fair 11, 2022,” the commentary notorious.

It used to be also acknowledged that the completion of the part transfer is field to the fulfillment of the need to haves within the part transfer agreement and that the transfer is anticipated to be concluded within the first half of of 2022.

Essentially based totally on the agreement reached by the parties, the transfer save will be determined by excluding the discover debt amount in Anadolu Restaurant’s balance sheet at the closing date and netting out the opposite sources and liabilities outlined within the part transfer agreement from the amount of $54.5 million, the commentary mentioned.

It is some distance estimated that the amount to be calculated by excluding the mentioned discover debt amount and other sources and liabilities outlined within the part transfer agreement is roughly $5 million to $6 million.

Vienna-basically based mostly Boheme Investment GmbH is the subsidiary of Kamal Saleh Al Mana, a Qatari investor. Kamal Saleh Al Mana also has a partnership that operates the franchise of McDonald’s ingesting places in Qatar.

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