Galata Wind Enerji Says Its Subsidiary Executes A Share Purchase Agreement With Sellers For Acquisition Of Shares In Two Italy-Based Entities

About this update from Galata Wind Enerji A.s.

Galata Wind Enerji Anonim Sirket BIST:GWIND:GALATA WIND ENERJI - SUBSIDIARY EXECUTES A SHARE PURCHASE AGREEMENT WITH SELLERS FOR ACQUISITION OF SHARES IN TWO ITALY-BASED ENTITIESGALATA WIND ENERJI - THESE ENTITIES ARE MONTESCAGLIOSO 1 S.R.L. (PALMORI PROJECT) AND FERRANDINA 14 S.R.L. (TROIA PROJECT)GALATA WIND ENERJI - COMPANY AIMS TO ACQUIRE SHARES OF THE SELLERS IN EXCHANGE FOR A PURCHASE PRICE SUBJECT TO CERTAIN ADJUSTMENTSGALATA WIND ENERJI - COMPLETION OF TRANSACTION, INCLUDING TRANSFER OF SHARES AND CLOSING FORMALITIES, IS CONTINGENT UPON FULFILLMENT OF CONDITIONS PRECEDENT AND OTHER CLOSING REQUIREMENTS STIPULATEDGALATA WIND ENERJI - THIS PROJECT IS EXPECTED TO CONTRIBUTE SIGNIFICANTLY TO ACTIVATION OF 300 MW CAPACITY IN 2025–2027 INTERNATIONAL INVESTMENT VISION

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