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GSD Holding purchased 15% of the shares of Silopi Elektrik Üretim A.Ş. for 125 million dollars. The activity of Silopi Elektrik is electricity generation and sale with 405 MW asphaltite fuelled thermal energy plant, and it has been an equity share investment for GSD Holding in order to diversify the activities and obtain regular dividend income.

Silopi Elektrik guarantees a minimum of 3% annual dividend yield based on GSD Holding’s acquisition price.  Also GSD Holding has the right to sell its 15% of shares in Silopi Elektrik back at the option price no less than the  purchase price of 125 million dollars.