Statement on Share Sale of Gübre Fabrikaları from Razi

Fertilizer Factories Denies Claims of Razi Share Sale

Fertilizer Factories (GUBRF) clarified the situation by denying reports in the media regarding the completion of the share sale process of its subsidiary Razi Petrochemical. In its statement regarding the news, the company expressed that the auction process has been completed, but the results have not yet been evaluated.

Information About the Bidding Process

According to the announcement dated September 26, the auction process had ended, and the results were to be presented to the Board of Directors by the Bidding Committee. The company emphasized that news circulating in media outlets does not reflect the truth, highlighting that the process is ongoing.

Company's Statement

Fertilizer Factories included the following statements in its announcement: "Reports in the media stating that the sale of Razi shares has been completed do not reflect the truth, and the process of evaluating the bidding results is still ongoing." This statement was significant for investors and market participants to understand the company's true situation.

As a result, the statements from Fertilizer Factories indicate that investors and market analysts continue to wait to eliminate uncertainties surrounding Razi Petrochemical. The future announcement of the bidding results could influence market dynamics.