Yayla Agro Gıda to Go Public

Yayla Agro Gıda's public offering application was approved by the Capital Markets Board (CMB) on 22 April. The bid collection dates for the public offering were set as 11-12-13 May 2022. Yayla Agro Gıda, a leading brand in the rice and legumes sector, had applied for a public offering. The application was approved by the CMB on 22 April and bid collection dates were set for 11-12-13 May. Bid collection will be conducted by a consortium led jointly by Garanti BBVA Investment and Yapı Kredi Investment.  

Total of TRY 71,000,000 in Nominal Share Value to be Offered to the Public

  The countdown has begun for Yayla Agro Gıda's public offering. With 26 years of history in the rice, legumes and processed food sectors, Yayla Agro has determined bid collection dates and share price. Due to the increase in issued capital from TRY 430,000,000 to TRY 472,600,000, a total nominal value of TRY 71,000,000 in shares—consisting of TRY 42,600,000 to be raised and TRY 28,400,000 in nominal value held by the company's current shareholder Hasan Gümüş—will be offered to the public at a share price of TRY 12.50.

"An Important Milestone on the Path to Becoming a Global Brand"

Hasan Gümüş, Founder and Chairman of the Board of Yayla Agro Gıda, made statements regarding the company's public offering. Noting that they have received the necessary approval from the CMB, Gümüş said: "The public offering will represent an important milestone for our company's institutionalization, sustainable growth and path to becoming a global brand. In our 25-year growth journey, the public offering marks a significant threshold, and through it we aim to gain a stronger and more institutional structure to implement our strategies for the next 25 years. The public offering will also strengthen our hand for the international strategic partnerships we plan to realize in line with our vision of becoming a global brand in the coming period."

"We Aim to Pass on Our Company to Future Generations as a Stronger Entity"

Noting that 95 percent of family businesses in Turkey disappear before being passed to the next generation, Gümüş stated: "With the institutionalization that the public offering will bring, we aim to pass on our company to future generations in a stronger form. We plan to use the proceeds from the public offering for research and development-focused investments, including the production of functional foods, at our third factory to be built on 127,000 square meters of land we have acquired in Niğde Organized Industrial Zone." he said.

Operates Turkey's First and Only Sector R&D Center

Yayla Agro Gıda began its brand journey at a small packaging facility in Ankara and today operates 2 production facilities located in Ankara and Mersin with 532 employees. According to NielsenIQ 2021 data, the company holds the market leader position in the rice and legumes sector. The company is also the first and only organization in its sector in Turkey to operate its own R&D Center.

Meets Consumers at Over 60,000 Sales Points

Yayla Agro Gıda brings its products to consumers through over 60,000 sales points across all 81 provinces of Turkey. Globally, under the Turkish Ministry of Commerce's Turquality Brand Support Program, it reaches over 65 countries across 6 continents with its value-added products under the Legurme brand, Turkey's gastronomy ambassador to the world.

Aims to Become a "Carbon Neutral" Company by 2050

Yayla Agro Gıda places importance on sustainability and conducts work on renewable energy sources and farmer support programs through projects included in the "Sustainable DünYayla" concept. At the same time, Yayla Agro Gıda is among the first companies in the sector to receive a "Carbon Footprint Declaration Report" and is working toward its goal of becoming a "Carbon Neutral" company by 2050.