The agreement lays the foundation for the partnership which will consolidate both shareholders’ votes in a new joint venture company.
The partnership will result in the consolidation of 21.7 million class B shares representing approximately 33.7% of total outstanding class B shares and 6,469 A class shares representing approximately 13.5% of total outstanding A class shares.
The joint venture entity to be formed subsequent to the partnership agreement will control approximately 33% of total Batıçim votes.
OCI concluded its tender call for all outstanding A and B class shares in Batıçim on 12 April 2007.
