Sasa Polyester's Main Erdemoglu Holding Sells Around 2.7% Shares in Sasa Polyester To International Investor

About this update from Sasa Polyester Sanayi A.s.

SASA POLYESTER SANAYİ BIST:SASA:SASA POLYESTER SANAYI, HAS RECEIVED THE FOLLOWING STATEMENT FROM ITS MAIN SHAREHOLDER, ERDEMOĞLU HOLDINGERDEMOĞLU ENTERED INTO A DERIVATIVE ARRANGEMENT RELATING TO THE SHARES OF SASA WITH AN INTERNATIONAL FINANCIAL INSTITUTION TO HEDGE THE DERIVATIVE ARRANGEMENT, THE FINANCIAL INSTITUTION BUYS 1.20 BILLION SHARES IN SASA, REPRESENTING APPROXIMATELY 2.7% OF THE ISSUED CAPITAL OF SASA, DIRECTLY FROM ERDEMOĞLUFOLLOWING THIS TRANSACTION, ERDEMOĞLU GLOBAL'S OWNERSHIP IN SASA DECREASED TO 17.4%, WHILE ERDEMOĞLU HOLDING'S DIRECT AND INDIRECT TOTAL OWNERSHIP REMAINED SAME AT 76.7% Source text for Workspace: Further company coverage:

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