Marmara Holding Signs Preliminary Agreement for Sale of Polisan Kansai Boya Shares

Marmara Holding A.Ş. announced that it has signed a non-binding preliminary agreement for the sale of its 50% stake in its subsidiary Polisan Kansai Boya to Japan's Kansai Paint. The sale price has been set at $93 million. In a statement made to the Public Disclosure Platform (KAP), the company emphasized that this preliminary agreement is subject to the signing of final contracts and obtaining necessary regulatory approvals. The completion of the transaction requires a definitive agreement between the parties and the receipt of official permits. Polisan Kansai Boya operates as an affiliate of Marmara Holding, and the acquisition by Japan's Kansai Paint is expected to strengthen its presence in the Turkish paint market. The sale is stated to be carried out in line with the holding's strategic objectives. This is not investment advice.