Transfer operation of the stock of Pilsa Plastik Sanayi A.Ş. held by Sabancı Holding Company to Wavin Alpha XI BV, Holland, have been completed.
Sale operation of the whole of the Pilsa shares with a nominal value of YTL 22,538,922.56 held by the Sabancı Holding to the Company Wavin Alpha XI BV of Holland was completed on 10 January 2008. Upon completion of the stock transfer process, the price of stock of USD 41,440,865.52 corresponding to the 51.2% share of Sabancı Holding was collected in cash.
Besides, should any adaptations be made in the sale value as per the stock transfer agreement signed, the profit to arise from the sale will be calculated and revealed to the public.