The negotiations initiated by Getir in August to invest in n11, one of Turkey’s leading shopping platforms, have been completed. After the approval of the Competition Authority, the company will become a partner in n11 with a capital increase and will be responsible for the management of the company.
Keeping its rapid growth both at home and abroad, Getir started partnership negotiations for n11 in August last year. In the past weeks, the Competition Authority approved the purchase of some of the shares of n11 with a capital increase.
In March 2013, Doğuş Holding A.Ş. and SK Planet Co., one of the biggest groups in South Korea. Ltd. While existing partners in n11, which was established in the partnership, will remain in the company, Getir will also be responsible for the management control of the company.
Bringing more than 20 million products and more than 270 thousand registered business partners together with more than 23 million users, the investment made in n11 has been the company’s largest acquisition investment ever made in Turkey.
Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.
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