Latest News from BIST Companies
You can check out our updated company news summary, prepared based on the announcements made by companies listed on Borsa Istanbul, in the continuation of our content.
Niyazi Önen Holding sells shares of Dardanel Gıda Niyazi Önen Holding has sold a portion of its shares in Dardanel Önentaş Gıda Sanayi A.Ş. (DARDL) with a nominal value of 100 million TL to Luxembourg-based Crescent Securitisations Lux Sarl. The sale was executed as an over-the-counter transaction with investments from funds managed by Gramercy Funds Management LLC, based abroad. Following this sale, Niyazi Önen Holding retains a controlling stake with 51.5% of Dardanel Gıda's capital.
Tofaş signs credit agreement for K0 model commercial vehicle investment Tofaş (TOASO) has entered into an export credit agreement amounting to 295,187,165.78 Euros for its K0 Model commercial vehicle investment with BNP Paribas (EPA:BNPP) Fortis and ING Bank. The contract was arranged in connection with sustainability and is planned to be utilized by the end of 2024, maturing in 2032. The annual cost of the loan will range between 6-month Euribor + 2.27% - 2.37%, depending on set sustainability performance indicators.
Çağdaş Cam increases production capacity Çağdaş Cam Sanayi ve Ticaret A.Ş. (CGCAM) has decided to invest in increasing its insulated glass production capacity by 60% at its facility in Aydın/Kuyucak. This new investment will enable the production of various products and aims to increase revenue in export markets. The investment is expected to be operational in the first half of 2025.
Pegasus signs a major aircraft agreement with Boeing Pegasus (PGSUS) has made an order agreement with Boeing for up to 200 Boeing 737-10 aircraft. A firm order has been placed for 100 of the aircraft, with an option for an additional 100. If all options are exercised, the contract's value is estimated to be around 36 billion USD at current list prices.
İş Bankası increases its stake in Şişe Cam İş Bankası (ISCTR) has increased its stake in Türkiye Şişe ve Cam Fabrikaları A.Ş. to 51.59% following the recent share purchase. Shares with a nominal value of 5 million TL were acquired at a price between 41.90 - 42.50 TL. Following this acquisition, İş Bankası has also gained control over the 0.05% stake held in the company by Anadolu Hayat (ANHYT) Emeklilik A.Ş.
Efor Çay signs sales agreements for petroleum coke and metallurgical coke Efor Çay's (EFORC) subsidiary Efor Gübre has signed sales agreements for petroleum coke in the domestic market and metallurgical coke with a Switzerland-based firm. The value of domestic petroleum coke sales is 94,959,150 TL excluding VAT, while the metallurgical coke export to Italy is valued at 170,702,512 TL. The total sales are planned to be completed within 2024.
BigChefs aims to grow in airports BigChefs (BIGCH) has begun talks with global food and beverage service provider HMS Host International to cooperate in international airports and open new restaurants. The partnership, particularly focused on Sabiha Gökçen Airport, supports BigChefs’ growth objectives in international markets.
Gübretaş has begun preparations for the sale of Razi shares Gübretaş (GUBRF) has established a commission for the sale process of its 48.88% stake in Razi Petrochemical Co. The board of directors has been authorized to conduct necessary negotiations and complete share sale preparations. Information regarding the process will continue to be provided to the public.
DZGYO shares temporarily suspended from credit transactions Borsa Istanbul has announced that starting from December 20, 2024, DZGYO shares will not be subject to credit transactions until January 17, 2025, as part of the Volatility-Based Precautionary System (VBTS). This measure, taken in accordance with the Capital Markets Board decision, serves as a precaution against market volatility.
Mogan Enerji completes panel installation for hybrid solar power project Mogan Enerji Yatırım Holding A.Ş. (MOGAN) has completed the panel installation for its 32.5 MW capacity Hybrid Solar Power Project. The project is planned to become operational in the first month of 2025 and is expected to generate approximately 53,000,000 kWh of electricity annually. The total investment is valued at 17.7 million USD, which will meet the electricity needs of approximately 22,500 households.
Garanti Bankası sells overdue receivables Garanti Bankası (GARAN) has sold overdue receivables in 9 different portfolios, totaling 701.5 million TL, to various asset management companies. The sales consist of approximately 1,495,104,974 TL in principal and interest receivables. This transaction is seen as part of the bank's strategy for effectively managing its non-performing loans.