The Competition Authority allowed the sole control of Getir company to be taken over by Mubadala Investment.
In the statement made by the Competition Authority today, it is briefly as follows: transferred: “The indirect acquisition of sole control of Getir Retail Logistics Joint Stock Company by Mubadala Investment Company PJSC was permitted.” In the past months, it was said that Mubadala wanted Nazım Salur to resign. News by Elif Ergu Demiral in Oksijen According to reports, Mubadala was pushing for Derya Erdemli, who worked in a senior position at Getir, to take over the management. Nazım Salur, whom Oksijen reached indirectly, “It is true that Getir management has such an agenda. We are having a dispute with a partner regarding the management of the company. However, I am still on duty. I don’t know what will happen after 3-5 months. Ms. Derya also left the company as of Monday evening.” he said.
The company had previously brought up the decision in Europe and the USA. In this regard In the statement made by the company: was transferred: “The company will focus on its core market, Turkey, where it sees the greatest potential for long-term sustainable growth. Getir announced its decision to leave the UK, Germany, the Netherlands and the USA. FreshDirect, Getir’s subsidiary in the USA, will continue its operations.
The company announced that it generates 7 percent of its revenues from the markets it is exiting, and stated that this decision will allow it to focus on Turkey. In parallel, Getir secured new financing from Mubadala and G Squared. The company will use this financing to strengthen its competitive position in its business in Turkey. Getir stated that he thanked all his employees in England, Germany, the Netherlands and the USA for their diligent and devoted work to date.”