Gündoğdu Gıda, which plays an important role in the Turkish food market, especially delicatessen products, announced that it has ended its production activities.
Gündoğdu Gıda, which attracted attention by being the food company that gained the most value in the last six months in Borsa Istanbul, some of whose shares were offered to the public, surprised its investors with its sudden sales announcement.
In the statement made by the company to the Public Disclosure Platform (KAP), it was stated that “Due to raw material supply difficulties, increasing production costs and pricing difficulties in the agriculture and livestock sector, it has been decided to terminate our company’s food production activities, and our company will continue its commercial activities.”
A 284 MILLION LIRA FACTORY WILL ALSO BE TRANSFERRED
While it was announced that the company’s factory is worth 284 million TL and that it will be transferred to GND Süt Ürünleri Sanayi ve Dış Ticaret A.Ş., together with all its equity resources, the following details regarding the sale were included:
“In this context, it has been decided to sell and transfer our company’s factory building located in Manisa’s Salihli district and the machinery, facilities and equipment in it, as well as the solar energy system located on Manisa’s Kula district Esenyazı District 115 island 127 parcel, to our related party GND Süt Ürünleri Sanayi ve Dış Ticaret A.Ş., based on the prices determined in the valuation reports dated 31.12.2025 prepared by the valuation institution authorized by the CMB.
The amounts determined in the valuation reports are the factory building and the machinery, facilities and equipment in it 284.195.000 TL, the solar energy system 29.500.000 TL + VAT, other machinery and facilities 5.125.000 TL + VAT, and other fixed assets that are not within the scope of the valuation obligation 88.862.930 TL + VAT.
The transaction in question is a related party transaction within the scope of CMB’s Corporate Governance Communiqué No. II17.1, and independent valuation reports were taken as basis in determining the transaction prices. Since the transaction meets the materiality criterion within the scope of the CMB’s Communiqué on Material Transactions and Exit Rights No. II-23.3, it will be submitted to the general assembly for approval.
In accordance with the relevant communiqué of the CMB, shareholders who are shareholders as of 16.02.2026 and who vote negatively on the transaction in question at the general assembly meeting and have their dissenting opinion recorded in the meeting minutes will have the right to withdraw. An upper limit of 100,000,000 TL has been determined for the shares that can be purchased by our company within the scope of the exit right. “Although our company will terminate its food production activities, it will continue its commercial activities under its current legal entity, and it is planned to utilize the resources to be obtained in new investment areas.”
