Kaspi.kz acquires 65.41% of Hepsiburada for $1.127B, pending regulatory approvals, closing in early 2025.

Kaspi.kz, a major e-commerce platform in Kazakhstan, will acquire 65.41% of Turkey's Hepsiburada for about $1.127 billion, payable in two parts. The deal, pending regulatory approvals, is expected to close in early 2025. Both companies will retain their brands and operations while aiming to enhance opportunities for small and medium enterprises in their respective markets through combined expertise in e-commerce and digital services.

October 18, 2024
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