Turkish Competition Authority approves sale of e-commerce giant Hepsiburada
A glimpse inside Hepsiburada's logistics center in Kocaeli, Türkiye. (AA Photo)
The Turkish Competition Authority has approved the acquisition of Hepsiburada, one of the leading e-commerce platforms in Türkiye, by Kazakhstan-based Joint Stock Company Kaspi.kz.
The transaction involves the transfer of majority shares and sole control of D-Market Electronic Services and Trading Joint Stock Company (Hepsiburada), previously owned by Hanzade Vasfiye Dogan Boyner.
Kaspi.kz acquires majority 65.41% stake
Kazakhstan-based tech company Kaspi.kz announced an agreement to acquire a 65.41% stake in Hepsiburada on October 18, 2024.
The $1.13 billion deal, pending regulatory approvals, is expected to close by mid-2025. Kaspi.kz will pay $600 million upfront, with an additional $526.9 million to follow within six months after closure.
