Planet

Hitay has sold its 100% stake in Planet Elektronik Sanayi ve Dis Ticaret A.S. to Ingenico of France for a consideration of 26 million Euros in July 2007.

The Turkish payment systems market is entering a particularly dynamic phase driven by the migration of installed payment terminals with the EMV standard, product innovation in Turkey's competitive banking industry and the high demand for bespoke payment solutions such as those for the professional sector. With this acquisition, Ingenico intends to further develop its business in this particularly dynamic market. Hitay will use the proceeds in other investment opportunities.