Please find hereby a new document (notification) on the activity of our company, which was published by our holding company MIGROS TICARET A.Ş. (Turkey) on September 24, 2020 on the Public Disclosure Platform of the Istanbul Stock Exchange.
Borsa Istanbul Stock Exchange (BIST)
Publish Date: 24.09.2020 21:24:43
Disclosure Type: DSE
Disclosure of Special Events (general)
On activity of “Ramstore Kazakhstan” LLP.
Our subsidiary company “Ramstore Kazakhstan” LLP carries out its activity
in the Republic of Kazakhstan and works in two areas: shopping center
management and retail. As of the 1st half-year 2020, its share made up
approximately 0.8% of consolidated sales of our Company.
In furtherance of the growth of our Company and the strategy of focusing
on the markets, in which we operate, we performed reevaluation of the retail operating
activity of “Ramstore Kazakhstan” LLP. In view of this, we started
negotiations on sales of one store and transfer of lease agreements for 6
stores operating in Kazakhstan, as well as equipment and stocks of these
stores. Possible transfer/sales of these stores are subject to approval by
relevant Competition Agency of the Republic of Kazakhstan.
“Ramstore Kazakhstan” LLP will continue its activity by managing
“Ramstore All In” multifunctional complex in Samal microdistrict of Almaty,
which accounts for the majority of the cost of our investments in the
Republic of Kazakhstan. “Ramstore All In” multifunctional complex was
reconstructed in 2017 and it is located in one the busiest places in Almaty,
which is an attractive place for shopping and relaxation.
We believe that the above explanations are in line with the principles listed in the current communiqué of the Capital Markets Board on special cases, that hey fully reflect the information received by us on this subject / issues, that the information is in line with our accounting books, records and documents and that we take whatever action is appropriate to receive complete and accurate information on this issue, and we declare that we are responsible for these statements.