Metropal takes 51% control of fast-growing Turkish ticket platform BİLET.COM
What's the deal? Metropal Kurumsal HizmetlerDealroom has a profile for this one. Try Dealroom → has signed an agreement to acquire a controlling 51% stake in BİLET.COMDealroom has a profile for this one. Try Dealroom →, a leading Turkish online ticket platform. The move marks Metropal's expansion into digital ticketing.
How is it structured? A total of 72.50% of BİLET.COM's shares will change hands. Metropal takes 51%, while its chairman and deputy chairman each acquire 10.75% on identical terms, after the board found no conflict of interest.
What changes? Once closing conditions are met, Metropal will consolidate control of BİLET.COM. Founding shareholders stay on as minority owners under a new shareholders' agreement.
Who's involved? Metropal operates in corporate services and technology, building digital platforms for business clients in Turkey. BİLET.COM has been named in the DeloitteDealroom has a profile for this one. Try Dealroom → Technology Fast 50 Program as one of the country's fastest-growing technology companies for three consecutive years.
Why now? Metropal says it is targeting high-growth technology assets to strengthen its position in online services and expand its footprint in Turkey's digital commerce and ticketing markets.
The signal: The deal points to consolidation in Turkey's digital ticketing and tourism-services space, as an established corporate-services player buys direct control of a proven high-growth platform rather than building one from scratch. Metropal currently carries a market cap of 14.67B TRY.
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Image credit: Lenny Montana
