Celebi Says Subsidiary Celebi Kargo Depolama Makes Deal To Buy All Shares Owned By Principal Shareholder Of TCC In Kenya For $40.1 Mln

About this update from Celebi Hava Servisi A.s.

ÇELEBİ HAVA SERVİSİ BIST:CLEBI:SUBSIDIARY ÇELEBI KARGO DEPOLAMA VE DAĞITIM HIZMETLERI, THROUGH ITS FRANKFURT-BASED SUBSIDIARY ÇELEBI CARGO GMBH, EXECUTES A BINDING SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF SHARES OWNED BY PRINCIPAL SHAREHOLDER OF TRANSGLOBAL CARGO CENTRE, HEADQUARTERED IN NAIROBI, REPUBLIC OF KENYA, FOR A TOTAL $40.1 MILLIONTRANSGLOBAL CARGO CENTRE PROVIDES GROUND HANDLING, AIR CARGO AND WAREHOUSE SERVICES AT JOMO KENYATTA INTERNATIONAL AIRPORT, THE TRANSACTION WILL BE COMPLETED FOLLOWING THE FULFILMENT OF THE CONDITIONS PRECEDENT AND OBLIGATIONS SET FORTH IN THE AGREEMENT AND UPON OBTAINING THE REQUIRED LEGAL PERMISSIONS AND APPROVALSTHE COMPLETION OF THE TRANSACTION IS EXPECTED BY 31 JANUARY 2026TCC'S ANNUAL REVENUE IS PROJECTED TO REACH EUR 15.9 MILLION BY THE END OF THE FIFTH YEAR, WITH A TOTAL EQUIPMENT INVESTMENT OF APPROXIMATELY EUR 6.5 MILLION OVER THE SAME PERIOD Source text for Workspace: Further company coverage:

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