While the Share Transfer Agreement on the subject was signed on April 17, 2026, the share transfer covers Sabancı Holding’s 57.12 percent share in the company as well as the 32.16 percent share of Carrefour Nederland BV., a subsidiary of the Carrefour Group. With the completion of the transaction, shares corresponding to a total of 89.28 percent of Carrefoursa capital will be transferred to Yeni Mağazacılık A.Ş. will be under your control.
Within the scope of the agreement signed between the parties, the transfer transaction will be carried out based on the final share value calculated according to the net debt and working capital adjustments on the closing date, based on the company value of 325 million dollars. The transfer transactions will be completed subject to the fulfillment of all closing conditions, including obtaining the necessary approval by the Competition Board; Thus, Sabancı Holding and Carrefour Group will not have any shares in Carrefoursa.
“We aim to create new growth areas by transferring our experience”
Yeni Mağazacılık A.Ş. Board member Erhan Bostan underlined that the transaction in question is an important part of the long-term growth strategy and said, “We prioritize creating sustainable value in the organized retail sector with our widespread store network throughout Turkey, our strong supply chain and our focus on operational efficiency. This approach includes not only expanding our current operations but also creating new growth areas through different business models and formats. In this context, we believe that the combination of Carrefoursa’s deep-rooted history and strong store network with our group’s retail experience offers significant potential.” “We believe that A101 and Carrefoursa will continue their activities independently, under different management structures, in separate segments, while preserving their own brand identities. In this regard, our main goal is to work together with all our stakeholders to ensure strong and sustainable growth in the business areas in which Carrefoursa operates and to create a diversified retail structure that reaches a wider customer base.”
“We shape our capital allocation according to the portfolio structure of the future”
Gökhan Eyigün, Head of Strategic Investments at Sabancı Holding, underlined that they handle their portfolio with an approach that goes beyond the traditional holding model, emphasizes agility in execution, and prioritizes creating sustainable value for its investors, and said, “This approach includes not only growing existing assets, but also entries and exits into the portfolio in line with our strategic priorities. In this context, within the scope of the evaluations we made and the strategic road map we shared with all our stakeholders, the shares of Carrefoursa in the Sabancı Holding portfolio were transferred to Yeni Mağazacılık A.Ş. We have initiated the transfer process. Within the scope of our dynamic portfolio approach, this share transfer decision we took together with our partner of 30 years, Carrefour, is an important part of our vision of making Sabancı more focused on its future targets. In line with this vision, we shape our capital allocation not only according to today’s needs but also according to the portfolio structure of the future. With the new steps we will take in the coming period, we will continue to strengthen our focus in the areas where we see long-term value-creating potential. Carrefoursa, which has implemented firsts in Türkiye since the first day it was founded, has also pioneered the development of organized food retail in our country. “We have full faith that this flag that we will deliver to Yeni Mağazacılık A.Ş. will be carried to much higher heights. In this context, we would like to thank all our colleagues, managers and stakeholders who have created value so far, and we believe that this strong accumulation will continue to create value in the coming period.”
