Four Subsidiaries of Getir Transferred to Mubadala
Türkiye-based rapid delivery platform Getir has transferred four of its subsidiaries to Mubadala, an investment company based in the United Arab Emirates.
The Turkish rapid delivery company Getir is transferring a significant portion of its subsidiaries to Mubadala, with which it previously faced some issues. The Turkish Competition Authority has approved the acquisition of Getir’s subsidiaries “Getir Araç,” “Getirİş,” “Getgo Teknoloji,” and “Getir Teknolojik Hizmetler” by the UAE state fund Mubadala.
Regarding the decision taken by the Competition Board within the Turkish Competition Authority, the following statement was made: “The transaction for the indirect acquisition of sole control of Getir Araç Dijital Ulaşım Çözümleri Ticaret AŞ, Getir Teknolojik Hizmetler AŞ, Getiriş Danışmanlık ve Ticaret AŞ, and Getgo Teknoloji AŞ by Mubadala Investment Company PJSC has been approved.”
Getir and Mubadala Had Clashed!
Getir Founder Nazım Salur claimed in a statement last January that “Mubadala unlawfully disregarded the signed agreement concerning Getir’s ownership.” In response, Mubadala issued a statement asserting that “Getir executives failed to complete the agreement to split the company into two; and the independent members of Getir’s board of directors started supporting an alternative transaction plan prepared by Mubadala.”