Kaspi.kz Completes Acquisition of Controlling Interest in Hepsiburada
ALMATY, Kazakhstan, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz ("Kaspi.kz") (NASDAQ:KSPI) has announced that it has completed its acquisition (the "Transaction") of 40,000,000 Class A and 173,246,220 Class B shares (collectively, the "Shares") of D-Market Electronic Services & Trading ("Hepsiburada") (NASDAQ:HEPS) pursuant to the Stock Purchase Agreement (the "Agreement") entered into on 17 October 2024 among Kaspi.kz and a group of sellers including Hanzade Doğan, the founder and controlling shareholder of Hepsiburada, Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan (the "Sellers"). Mikheil Lomtadze, CEO and co-founder of Kaspi.kz,
