Turkey’s Getir signs non-binding deal to buy shares in Sok

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ANKARA, Nov 12 (Businesshala) – Turkey’s fast grocery-delivery company Getir has signed a non-binding deal to buy shares of the Sok supermarket chain (SOKM.IS), Sok said in a statement on Friday. Is.

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“In order to create synergies in the digital sector, a non-binding letter of intent was signed for the sale of certain shares owned by Yildiz Holding and its subsidiaries in Souk to Getir.” Borse said, for Istanbul.

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Yildiz Holding directly owns some 5.5% of Sok Marketler, while its subsidiary Gozde owns some 23%.

Founded in 2015, Istanbul-based Getir is a pioneer in the category of 10-minute delivery for customers ordering by smartphone app, with riders departing from neighborhood warehouses stocking essential groceries.

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Businesshala reported early Friday that Getir may hold another round of funding to fund its development in the United States and would eventually want to expand to 300 cities in the country, Chief Executive Officer Nazim Salur said.

Reporting by Ebru Tunke; Written by Ase Toxabe; Editing by Kirsten Donovan

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