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According to German Bloomberg, German Media-Saturn-Holding offered 90 million euros for a 75% stake in Teknosa
German Media-Saturn, owner of the chain of electronics stores well known Media Markt -Holding claimed to have signed a 90 million euro master agreement with Sabanci Holding for a 75% stake in Teknosa.
if true, Media-Saturn-Holding will pay Sabanci Holding 1.09 euro (6.12 lira) for each Teknosa share.
The Media-Saturn-Holding buyer will be reviewing Teknosa with up to 3 weeks to qualify. According to the Framework Agreement dated 6 July, the signature of CEO Mehmet Göçmen and CFO Peace Rate is on behalf of Sabancı Holding while the signature of Chief Financial Officer Georg Mehring-Schlegel and COO Peter Leisten is in the name of of Media-Saturn-Holding. ] Related News
