Omer Ozbay acquired 11% stake in Papilon Savunma-Guvenlik Sistemleri Bilisim Muhendislik Hizmetleri Ithalat Ihracat Sanayi ve Ticaret (IBSE:PAPIL) for TRY 71.5 million on November 24, 2020. Under the terms of the transaction, 3.78125 million shares have been acquired for TRY 18.9 per share. TRY 40 million has been paid and remaining TRY 31.465625 million will be paid on August 31, 2020. Board of Directors of Papilon approved the transaction. Omer Ozbay completed the acquisition of 11% stake in Papilon Savunma-Guvenlik Sistemleri Bilisim Muhendislik Hizmetleri Ithalat Ihracat Sanayi ve Ticaret (IBSE:PAPIL) on November 24, 2020.