Hepsiburada announced on January 29, 2025, the closing of the previously disclosed transaction with Joint Stock Company Kaspi.kz. Kaspi.kz has purchased 65.41% of Hepsiburada's total outstanding Class A and Class B shares from the founder and other affiliates. The total consideration for this acquisition was approximately $1,127 million.
Of the total consideration, $600 million was paid in cash to the sellers on the closing date. The remaining $526.9 million will be paid as deferred cash consideration no later than six months after the closing date, with Kaspi.kz pledging 65,199,658 Class B shares as collateral. As a result of this transaction, Kaspi.kz has become the new controlling shareholder of Hepsiburada.
This marks a transformative event for Hepsiburada, as it gains a strategic partner with deep expertise in payments, marketplace, and fintech. The synergy from this deal is expected to accelerate Hepsiburada's technological capabilities and strengthen its market position, particularly in its fintech offerings, fostering new opportunities in Türkiye.
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