Lydia Acquires Ufuk Yatırım from Yıldız Holding

A year after acquiring Milliyet Pazarlama (MilPa) shares and converting it into Lydia Holding A.Ş., Lydia announced a new acquisition. Ufuk Yatırım, a subsidiary of Yıldız Holding, entered the Lydia Holding group through a USD 48 million acquisition.

Lydia Holding, one of Turkey's innovative groups, signed a new acquisition within the framework of its "sustainable development" strategy. Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş (Ufuk Yatırım), a subsidiary of Yıldız Holding, became part of the Lydia Holding group following a USD 48 million acquisition.

106,000 SQUARE METRE LAND ADJACENT TO SABIHA GÖKÇEN

Ufuk Yatırım, whose shares are traded on Borsa Istanbul, had purchased 83.8 per cent of Toprak Finansal Kiralama A.Ş. from the Deposit Insurance Fund (TMSF) in 2005. Ufuk Yatırım merged with Toprak Finansal Kiralama in 2006, thereby becoming a publicly listed company. Most recently, last month it informed the Public Disclosure Platform (KAP) that it had acquired 11 plots of land adjacent to Sabiha Gökçen Airport with a total size of 106,590 square metres for TRY 1.2 billion.

SHARE TRANSFER COMPLETED ON 9 DECEMBER

Following the acquisition, the transfer of Ufuk Yatırım shares was completed as of 9 December 2024 through a consortium led by Lydia Holding; comprising Lydia Yeşil Enerji, 1000 Yatırımlar Holding, Bulls Yatırım Menkul Değerler, Bulls Yatırım Holding and Re-Pie Portföy.

WE WILL CONTINUE CREATING VALUE FOR TURKEY

Enver Çevik, Chairman of the Board of Lydia Holding, shared the new period targets following this acquisition, saying: "We are pleased to add Ufuk Yatırım to our group following Lydia Yeşil Enerji. We have completed the acquisition of Ufuk Yatırım in full accord with Yıldız Holding, one of Turkey's most important companies. This acquisition was one of the most important pillars of our long-term growth strategy."

Enver Çevik continued: "As part of our sustainable and balanced growth strategy, we transferred the portion of the shares we acquired with a nominal value of TRY 1,011,610 to our subsidiary Lydia Yeşil Enerji. All these transactions will play an important role in our growth journey in the coming period. As a group with unconditional belief in Turkey's potential, we will continue to produce and create value for this country."