SASA announces TRY 7.2 billion capital increase via private placement

Sasa Polyester has decided to increase its issued capital through a private placement. The company aims to generate TRY 7.185 billion in sales proceeds from this transaction. All new shares are planned to be sold to the company's majority shareholder, Erdemoğlu Holding. The capital increase will be carried out to strengthen the company's financial structure and support its growth targets. In the private placement, existing shareholders' pre-emptive rights will be restricted, and the new shares will be directly allocated to the designated investor. This move is seen as part of Sasa Polyester's strategy to reduce its debt ratio and strengthen working capital. The company is expected to use the proceeds for investments and operational needs. Erdemoğlu Holding's purchase of all new shares will further consolidate the current ownership structure. This could enhance management stability and facilitate long-term strategic decision-making. Completion of the capital increase requires obtaining necessary corporate approvals and fulfilling legal procedures. Investors will closely monitor the company's steps in this process. This is not investment advice.