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D-Market ( (HEPS) ) has provided an announcement.
D-Market Electronic Services & Trading, operating as Hepsiburada, has secured all necessary regulatory approvals for the sale and purchase of 65.4% of its total outstanding shares to Joint Stock Company Kaspi.kz, as agreed in a previous stock purchase agreement. This transaction is a significant step in Hepsiburada’s strategic direction and will be discussed in an Extraordinary General Assembly Meeting scheduled for January 31, 2025, where changes to the Board of Directors and articles of association will also be addressed.
More about D-Market
Hepsiburada is a leading e-commerce technology platform in Türkiye, utilizing a hybrid model that integrates first-party direct sales and a third-party marketplace with around 100,000 merchants. The company focuses on digitalization of commerce and offers a wide range of services including last-mile delivery, advertising, cross-border sales, and payment solutions through its fintech platform, Hepsipay. Since 2000, Hepsiburada has been committed to supporting women entrepreneurs in Türkiye.
YTD Price Performance: 0.0%
Average Trading Volume: 1,764,685
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.02B
For an in-depth examination of HEPS stock, go to TipRanks’ Stock Analysis page.
