Page 29 - TURKRptOct20
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Turkish payment systems firm Papara has mandated Raiffeisen Bank to arrange a minority stake sale, sources t old Reuters, adding that offers worth at least $250mn have been received from foreign fintech companies.
The sources, however, did not reveal the size of the stake for sale.
Papara provides online money transfers, foreign exchange transactions and bill-payment services.
One source reportedly said that a deal could be worth $250-350mn.
Papara was launched in 2016. It says it has about Turkish lira (TRY) 7mn (towards $1mn) in capital. It has four million users and has so far executed TRY100bn in transactions.
This year US-based Zynga bought Turkish mobile game maker Peak for $1.8bn and also acquired 80% of another local game maker Rollic.
Major M&As in Turkey
Date Sold Stake Price
Sep-20 OM Pharma 28.5% TRY4.2bn Aug-20 Mobilexpress - $2mn Aug-20 Haznedar 60% -
Buyer
Abdi Ibrahim Collective Spark Imerys
Zynga
Isbank
Qatar
team-blue
Austria Post
Turkey Wealth Fund TPAY Mobile
Zynga Revo
TVF Placement Generica
Sisecam
Birlesik Holding Yamma Investments Oyak
Exit
Consortium
Anex Tour
-
@Borsa Istanbul @Borsa Istanbul Intralot Iberia
GPH - MSC
Habas
Seller
-
Series A financing round
-
Founders
-
Tiryaki Agro
Founders
Aras family
Telia Sonera
Founders Earlybird,Endeavor,Hummingbird -
Groupama
UniCredit
Novartis
Merger
Anadolu Group
Toksoz Group
Demiroren
Glovo
Japan Credit Rating Agency Thomas Cook
Minority shareholders Halkbank
Vakifbank
Turkcell
-
Baticim
Aug-20 Rollic
Jul-20 Moka Odeme Jul-20 Sunrise Food
Jun-20 Natro
Jun-20 Aras Kargo Jun-20 Turkcell Jun-20 Payguru Jun-20 Peak Games Apr-20 CY Vision Feb-20 Gunes Sigorta Feb-20 Yapi Kredi Feb-20 Novartis' plant
SODA, ANACM, TRKCM, Jan-20 DENCM
Jan-20 McDonald's Turkey
Jan-20 Sanovel
Jan-20 Total, M Oil
Jan-20 Glovo Turkey
Jan-20 JCR Eurasia
Jan-20 Intourist 100% Jan-20 Akbank 1.9% Jan-20 Halkbank 1.5mn Jan-20 Gunes Sigorta 27mn Jan-20 Inteltek 55% Jan-20 Goulette Shipping Cruise 100% Jan-20 Batiliman 100%
80% $168mn
100% minority 100% 55% 24% 100% full
- 10% 12%
-
$3.8mn
-
-
- $530mn
- $1.8bn TRY13.5mn - €400mn
-
- TRY281mn $200mn $360mn
-
-
- TRY9.3mn TRY6.76- 6.81 TRY2.28-2.45 -
- $75-110mn
- 100% 30% 100% 100% 85.05%
29 TURKEY Country Report October 2020
www.intellinews.com
