Abu Dhabi's Mubadala Investment Company applied to Turkey's Competition Board to take sole control of Turkish grocery delivery company Getir Perakende Lojistik, a statement on the board's website showed on Friday.
Getir is a Turkish-based rapid delivery service that brings groceries and everyday essentials directly to customers' doors © Mena Today
Abu Dhabi's Mubadala Investment Company applied to Turkey's Competition Board to take sole control of Turkish grocery delivery company Getir Perakende Lojistik, a statement on the board's website showed on Friday.
No further details were immediately available.
In June, Getir said it received a new $250 million investment and would split into two groups as part of a restructuring plan to focus on different markets.
Under the plan, existing shareholder Mubadala was to inject capital and hold the management and majority stake in Turkish operations as part of restructuring while founders, Nazim Salur and others, were to have a minority stake.
In April, Getir said it was withdrawing from its remaining European markets to focus on its main home market, marking an abrupt turnaround after expansion and boom in recent years.
Reporting by Can Sezer
Saudi Arabia has launched an air accident probe following last week's cockpit stabbing on a flydubai jet, as experts examine any fallout for aviation safety alongside a separate UAE-led criminal investigation, three people close to the matter said.
The mayor of Izmir, Turkey's third-largest city and a bastion of its secular opposition, joined President Tayyip Erdogan's ruling AK Party (AKP) on Wednesday, giving it the mayoralty of a city it has never won at the ballot box.
Israelis will on Wednesday mark three years since Hamas attacked Israel on October 7, 2023, triggering a military assault that destroyed much of Gaza, where conditions remain dire despite a year-old ceasefire that is meant to halt the war for good.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.