Working under the umbrella of Akbank, Ak Investment started working to buy the shares of the crypto money platform Stablex.
Working under the umbrella of Akbank, Ak Investment started working to purchase the shares of the crypto money platform Stablex. In the statements made to the Competition Authority and the Public Disclosure Platform (KAP), it was stated that a Share Purchase and Participation Agreement was signed.
In the announcement made on KAP:
In order for our Company to take over the majority shares of “Stablex Informations Technology Inc. (“Stablex”), (“Transaction”), within the scope of the resolution of our Board of Directors dated 14.03.2023, a Share Purchase and Participation Agreement (“Contract”) was signed between our Company and the current shareholders of Stablex on 14.03.2023.
The transfer of Stablex shares to our Company (“Closing”) will be carried out on the condition that the Competition Board approves the Transaction and the other prerequisites set out in the Agreement are fulfilled, and the payment of the transfer fee will be made on the Closing date.
Explanations regarding the transfer will be announced to the public after the closing.
We declare that our above statements are in compliance with the principles in the applicable Special Cases Communiqué of the Capital Markets Board, fully reflect the information we have received on this subject(s), and that the information is in accordance with our books, records and documents, we have made all necessary efforts to obtain complete and accurate information on the subject and that we are responsible for these statements.”
With the announcement, it is seen that Ak Investment plans to acquire the majority stake in Stablex in order to have a primary say. On Friday, March 17, with the file number 2023-4-007, the Competition Authority also approved the purchase transactions.
Stablex started its activities in our country at the beginning of last year. Turgut Guney is the CEO of the platform.
Source: Egirisim / Prepared by Irem Yildiz