Serra Sabancı's Fund Makes Large Sale of Çimsa Shares

Sale of Çimsa Shares from Serra Sabancı's Special Fund

Serra Sabancı, one of Turkey's leading business figures, has put the shares of Çimsa Cement Industry and Trade Inc. (#CIMSA), which are part of the portfolio of the private fund she invests in, up for sale on the stock exchange. This situation has drawn the attention of both investors and market analysts.

Details of the First Sale

The first transaction took place on November 10, 2023. In this sale, Sabancı's special fund sold Çimsa shares with a nominal value of 1,010,000 TL at an average price of 44.9070 TL on the stock exchange. Following this transaction, the fund's nominal position in Çimsa decreased from 2.67 million TL to 1.66 million TL, and the ownership rate fell from 0.283 to 0.1762.

Second Sale Transaction

The second sale by Sabancı was conducted on November 14, 2023. In this transaction, shares with a nominal value of 356,419 TL were sold on the stock exchange at an average price of 44.1946 TL. Following this sale, the fund's nominal position in Çimsa dropped from 1.66 million TL to 1.30 million TL, and the ownership rate decreased from 0.1762 to 0.1385.

Change in Total Position

As a result of the last two transactions, the total position of Sabancı's fund in Çimsa showed a significant decrease, dropping approximately by half. This situation may affect both the fund's portfolio management strategy and market dynamics.

Statements from Serra Sabancı

According to statements made by Serra Sabancı, "The 1,010,000 TL nominal valued Çimsa shares in the ownership of the private fund I invest in have been sold at an average price of 44.9070 TL in accordance with portfolio management principles." The second statement is as follows: "The 356,419 TL nominal valued Çimsa shares in the ownership of the private fund I invest in have been sold at an average price of 44.1946 TL in accordance with portfolio management principles."