Turkey's Anadolu Group Holding has announced that all shares of Anadolu Restaurant, which includes the Turkish franchise of McDonald's, will be sold to Birlesik Holding Limited.
In a statement to the Istanbul stock exchange, Anadolu Group Holding said that a share purchase agreement had been signed with Birlesik. The transfer will likely take place in the first quarter of this year, after the Competition Authority approves the transaction, it said.
Equity Value
The equity value of Anadolu Restaurant was determined as 280,739,431 lira ($47.42 million), the company said.
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