Çimentaş İzmir Cement Plant has taken a significant step in line with its investment policies and strategic objectives. The company announced to the Public Disclosure Platform (KAP) on May 28, 2025, that it had signed a “Share Transfer Agreement” to transfer all its shares in its subsidiary, Kars Cement, to Arsem Mining Energy for a consideration of EUR 21,190,500.
The transaction was carried out between Çimentaş, as a shareholder in Kars Cement, the other shareholder Alfacem S.r.l., and Arsem Madencilik. The sale was structured to be free of debt and cash, encompassing all rights and obligations.
This step aims to further optimize Çimentaş’s financial structure and support the efficient management of its resources. According to the evaluation of the Company’s Board of Directors, the share transfer transaction was not considered a significant transaction within the scope of the Capital Markets Board’s Communiqué No. II-23.3 on Significant Transactions and the Right to Exit.
Source: KAP
