Hyundai Motor Company (KOSE:A005380) agreed to acquire remaining 30% stake in Hyundai Assan Otomotiv Sanayi ve Ticaret A.S from Kibar Holding A.S. on December 17, 2020. The transaction is subject to Turkey's Competition Board approval. Caner Elmas of Baker Mckenzie Istanbul acted as legal advisor to Hyundai Motor Company (KOSE:A005380). Caner Elmas of Baker Mckenzie acted as Legal Advisor to Hyundai Motor Company.

Hyundai Motor Company (KOSE:A005380) completed the acquisition of remaining 30% stake in Hyundai Assan Otomotiv Sanayi ve Ticaret A.S from Kibar Holding A.S. on January 8, 2021. The Turkish competition authority has approved the transaction on January 8, 2021.