Şok Marketler acquired İstegelsin, an online grocery delivery service. The price of the agreement was also announced.
Şok, one of Turkey’s most popular affordable grocery chains, has taken an important step in delivery. The giant company is known for providing a popular online grocery delivery service.If you wantHe officially bought the.
The agreement was announced with a notification made through the Public Disclosure Platform (KAP). The jaw-dropping cost of the purchase was also seen here.
İstegelsin joined Şok for 220 million TL
According to the PDP notification, Şok Marketler acquired Future Teknoloji Ticaret A.Ş., to which İstegelsin is affiliated. For 220 million TL incorporated it. The company value is the midpoint of the value range of 190.0 Million TL and 303.3 Million TL, based on the average of the discounted cash flow and similar company multiplier methods. 244.9 Million TL It was stated that it was determined as . The agreement price was determined as 220 TL by negotiation, with a 10% discount based on the midpoint of the value range.
İstegelsin was an Istanbul-based company founded in 2018. The company, which wanted to eliminate the difficulties of grocery shopping, was providing online grocery delivery services. It is possible to predict that Şok Market will strengthen its hand in delivery with this acquisition.
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