$125 million share transfer approved! Turkish company is the sole control of the partnership!

Aksa Acrylic. Received approval from the Competition Board to take over 50 percent of DowAksa shares held by Dow Europe in order to own all of DowAksa.
If the share transfer transactions are completed, Aksa will pay $107.65 per share for each share with a nominal value of $1,161,122, corresponding to the remaining 50 percent of DowAksa, and will own 100 percent of DowAksa for a total of $125 million. This will bring DowAksa to a valuation of $250 million based on the share price paid.
Aksa Acrylic made the following statement to the Public Disclosure Platform (KAP) regarding the issue:
"The acquisition of the remaining 50% of the shares of DowAksa Advanced Composites Holdings BV, in which our Company has a 50% share, by our Company, belonging to the other partner, Dow Europe Holding BV, was permitted by the Competition Board at its meeting dated 03.07.2025.
The share transfer process will be concluded with the completion of the closing conditions and other work and transactions, and developments regarding the matter will be shared with the public. Respectfully announced to the public.
SÖZCÜ