Majorel Group Luxembourg S.A. (ENXTAM:MAJ) signed a contract to acquire 80% stake in Mayen Telekomunikasyon Hizmetleri Anonim Sirketi from Delta Invest GmbH, Oktay Erciyaz, and Soner Cesur on November 22, 2021. As part of the transaction, Majorel has agreed to purchase 80% of the share capital in Mayen and has a call option to purchase the remaining 20% in 2025. Post completion, Oktay Erciyaz will hold 6.65% and Mayen Telekomunikasyon's chief executive officer, Soner Cesur will hold 13.35% in Mayen Telekomunikasyon. The transaction is subject to anti-trust approval and expected to close on December 31, 2021. Ernst & Young Global Limited acted as financial advisor and Akol Avukatlik Burosu acted as legal advisor to Majorel Group. Gen Temizer Ozer acted as legal advisor to Mayen Telekomunikasyon.

Majorel Group Luxembourg S.A. (ENXTAM:MAJ) completed the acquisition of 80% stake in Mayen Telekomunikasyon Hizmetleri Anonim Sirketi from Delta Invest GmbH, Oktay Erciyaz, and Soner Cesur on January 1, 2022.