Hepsiburada announced on January 3, 2025, that as of January 2, 2025, all four required regulatory approvals for the sale of a 65.4% controlling stake to Joint Stock Company Kaspi.kz have been granted. The approvals were received from the Turkish Competition Board, the Banking Regulation and Supervision Agency, the Information Technologies and Communications Authority, and the Central Bank of the Republic of Türkiye.
These approvals clear a major hurdle for the previously announced $1,127 million transaction. The company's Board of Directors has decided to call for an Extraordinary General Assembly Meeting of Shareholders to convene on January 31, 2025. This meeting will address agenda items related to the change of control.
The completion of these regulatory steps brings Hepsiburada closer to finalizing the transformative acquisition by Kaspi.kz, which is expected to accelerate its capabilities in payments, marketplace, and fintech.
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