Regarding the Sale of DMC Shares

06.08.2024

 

Believe International had previously bought 60 % of Doğan Müzik Yapım ve Ticaret A.Ş. (DMC) shares (8,171,903 TL nominal value) on 21.07.2020 from our company's indirect subsidiary DMC Invest B.V.


This time; on 06/08/2024, a ‘Share Transfer Agreement' was signed between DMC Invest B.V. and Believe International for the sale of the remaining 40 % shares (5,447,934 TL nominal value) held by DMC Invest B.V. for 38,275,245 Euros.


The transaction is expected to be completed once all closing conditions, including approval by the Competition Authority, are fulfilled.


Respectfully announced to our shareholders and the public.

 

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