Vestel and Anadolu sell TOGG stakes for $412 million
In short
The transaction concludes the divestment of their holdings in the venture for the combined total amount. Both Vestel and Anadolu have sold off their entire existing stakes in TOGG. The finalized financial exit transfers their ownership positions for a total valuation of $412 million.
Key points
- Two major stakeholders have fully finalized their financial exit from the TOGG venture.: Two major stakeholders have fully finalized their financial exit from the TOGG venture.
- The combined proceeds generated from the stake sale total precisely $412 million.: The combined proceeds generated from the stake sale total precisely $412 million.
- The ownership structure of the venture changes as previous corporate holdings are fully d…: The ownership structure of the venture changes as previous corporate holdings are fully divested.