High Turnout in Carrefour’s Capital Increase

09.12.2020

Vote of Confidence from the capital markets for CarrefourSA: 99.98% participation rate in increase of capital.

Sabancı Holding has taken action to increase the rate of its shares open to the public to 5 percent in order to maintain its small investors’ ability to make transactions. 

Another important step was completed in CarrefourSA’s capital increase process, which began on 25 August. The 99.98% turnout demonstrated the market’s trust in CarrefourSA. 

In an announcement on September 17, 2020, the Istanbul Stock Exchange issued a warning that companies with actual circulation rates below 5 percent, which also included CarrefourSA, could have their shares moved to the “Pre-market Trading Platform”. As this would have reduced the trading flexibility of small-scale investors, the Sabancı Holding Board of Directors decided to increase the actual circulation rate of the CarrefourSA shares to 5 percent.     

In an announcement made to the Public Disclosure Platform, Sabancı Holding stated, “Acting in accordance with our vision of integrating our member companies into our capital markets, we, as the Sabancı Group, take it upon ourselves to bring overseas investors to our country and our markets while also providing our local investors with the opportunity to become shareholders in our companies, which add value to our country.”