DeFacto, clothing retail chain, is getting ready for public offering. A maximum of 29.81 % of the company will be offered to public including the greenshoe option through capital increase and shareholder sales. Having more than 450 stores and operating in 22 countries, DeFacto stated that it would reach the nominal value of 68.5 million Turkish Liras in IMKB, Istanbul Exchange market if overallocation option is completely realized.
While the capital of DeFacto is risen from 212.6 million liras to 229.7 million liras, this par value share of 17 million liras and par value share of 42.5 million liras of the partners will be offered to the public. The share, which corresponds to 15 % of these shares to be offered to the public, will be sold within the scope of greenshoe option.
The current shareholders of DeFacto are Zeki Cemal Özen with a share of 66.5 %; İhsan Ateş with a share of 13.7 %, İdris Özçelik and Şahin Demir with shares of 4.57 %, DF Retail Holdco Cooperatief U.A. with a share of 8.66 % and Ozn Investment SARL with a share of 2 %.
Generating an income amounting to 2.65 billion liras with an increase of 191 per cent by the end of 2017, DeFacto earned profit at the amount of 61.3 billion liras. The details of the public offering such as price and date have not been disclosed in the draft offering circular published in the website of the company.
