Transfer process at Polisan: Approval from the Competition Authority
Competition Authority approval was received for the transfer of Marmara Holding's 50 percent shares in Polisan Kansai Boya to Japanese Kansai Paint.
Quick Look
- The partnership structure of Polisan, one of Türkiye's well-established paint brands, is changing.
- The necessary Competition Authority approval was received for Marmara Holding to transfer its 50 percent shares to its Japanese partner Kansai Paint for 93 million dollars.
AI-generated summary
Why It Matters
Polisan and Kansai Paint established a partnership in 2016 and combined their activities under the name Polisan Kansai Boya.
A new phase has been entered in the partnership structure of Polisan, one of Turkey's well-established paint brands, with Japanese Kansai Paint. The Competition Authority's approval was received in the process for the transfer of the 50 percent share of the company, which established a partnership with the Japanese paint manufacturer Kansai Paint in 2016, on the Turkish side to the Japanese company for 93 million dollars.
Polisan signed a partnership agreement with Kansai Paint in 2016 and decided to continue its activities under the name Polisan Kansai Boya. The shares of the company were shared equally between Marmara Holding and Kansai Paint.
With the agreement made in the past months, an agreement was reached to transfer Marmara Holding's 50 percent share in the company to Kansai Paint for 93 million dollars.
Competition Authority permission, which is one of the regulatory approvals required to complete the share transfer, was issued this week.
With the Competition Authority allowing the share transfer, the way was paved for Polisan, which has been operating since 1985 and is one of the important companies in the Turkish paint industry, to be fully acquired by Kansai Paint.
In its statement to KAP regarding the sales process, Marmara Holding announced that the company was notified by Kansai Paint that the Competition Board allowed the share transfer.
What to Watch
AI outlook — possibilities, not facts
Full ownership of Polisan transferred to Kansai Paint.
Very likely · Within weeks
Open Questions
- What is the official closing date of the transfer transaction?
