Capital Markets Updates
- Pursuant to the Weekly Bulletin of the Capital Markets Board, the Board has approved the prospectuses of Emek Elektrik Endustrisi, Ditas Dogan Yedek Parca Imalat ve Teknik and Aksu Enerji ve Ticaret with regards to their share capital increases in the amounts of TL 50.7 million, TL 16 million and TL 16.5 million, respectively. It has been further stated that the share capitals of each Company will reach TL 75 million, TL 26 million and TL 33 billion, respectively, as a result of such capital increases. Moreover, the newly issued shares are planned to be sold via public offering.
- Pursuant to the Weekly Bulletin of the Capital Markets Board, the Board has approved the issuance certificates of Fibabanka for subordinated debt instruments with a nominal issuance ceiling of US$ 30 million and Garanti Bankasi for bonds/financial bills with a nominal issuance ceiling of US$ 6 billion. It has been further stated that such debt instruments are planned to be sold abroad.
- Pursuant to the Weekly Bulletin of the Capital Markets Board, the Board has approved the prospectus of Turk Ilac ve Serum Sanayi with regards to initial public offering. Accordingly, the shares of the Company with a nominal value of TL 13.4 million will be offered to public, and in case of demand, additional shares with a nominal value of TL 2 million will also be offered to public. Also, the sale price per share has been determined as TL 10,00. In addition, the Company has increased its share capital in the amount of TL 10,050,000 through right issues and as a result of such capital increase, the share capital of the Company has reached TL 77,050,000.
- According to the announcement made by Verusa Holding on the Public Disclosure Platform, Pamukova Elektrik Uretim (Company), which is 51% owned by Verusa Holding, has decided to go public on 18 February 2021. In the portfolio of the Company’s subsidiaries, there are 6 hydroelectric energy power plants, 5 wind energy power plants and 1 geothermal energy power plant, almost all of which are within the scope of YEKDEM. Furthermore, the Company aims to grow in the field of renewable energy and increase its portfolio diversity by making new investments, especially for a solar power plant.
- According to the announcement made by Vakif Katilim on the Public Disclosure Platform, the Bank has decided to increase its share capital from TL 3.22 billion to TL 5.72 billion within its registered share capital ceiling of TL 16.1 billion as per the Bank’s board of directors meeting held on 17 February 2021. It has been further stated that, such capital increase will be realized through righ issues.
- According to the announcement made by Vestel Beyaz Esya on the Public Disclosure Platform, the Company has decided to initiate a new 3-year investment program in domestic and international markets to meet the expected growth in business volume in the upcoming period. The Company’s production capacity has been planned to be increased by 52% by the end of 2023, with investments to be carried out in the Vestel City in Manisa, where the Company’s production facilities are located, will cover main product groups and will be gradually put into operation within three years. The total amount of the investment program is Euro 160 million and will be financed by equity and medium/long term project finance loans. Furthermore, the Company will benefit from investment incentives such as tax reduction, customs tax exemption and VAT exemption for the relevant investment.
- As per the announcement made by Ulusoy Un Sanayi on the Public Disclosure Platform, a confidentiality agreement has been executed by and between the Company and Soke Degirmencilik Sanayi ve Ticaret (Soke Degirmencilik), which is owned by Moms Kitchen International S.a.r.l, with regards to the partial or full acquisition Soke Degirmencilik’s shares by the Company. In addition, in accordance with the announcement of Ihlas Holding on the Public Disclosure Platform, Ihlas Holding has submitted a non-binding offer of TL 225.22 million to purchase 100% shares of Soke Degirmencilik.
Competition Highlights
- In line with the announcement made in the official website of the Competition Authority, the Board has granted its permission for the takeover of the sole control of Trakya Et ve Sut Urunleri Sanayi ve Ticaret by Siniora Food Industries Company.
- As per the announcement made in the official website of the Competition Authority, the Board has granted its permission for the takeover of the sole control of Ege-Tav Ege Tarim Hayvancilik Yatirim Ticaret ve Sanayi by NH Food Ltd.
Other News
- In line with the dailies, Teknosa, a subsidiary of Sabanci Holding, has announced that the Company showed an outstanding performance in 2020 despite the negative impacts of the Covid-19 pandemic. As a matter of fact, the Company aims to invest TL 80 million to the digitalization of its stores in 2021 by specifically focusing on the personalized shopping experience. By virtue of such investment, the Company will provide employment opportunities for approximately 500 persons.
- Pursuant to the dailies, Turkseker Malatya Sugar Factory, which is the 15th sugar factory of Turkiye Seker Fabrikalari, broke the record for the last 40 years with 68,000 tons of sugar production in 2020-2021. With this performance, the Company has contributed to the city’s microeconomy with a total added value of TL 500 million.
- As per the dailies, Dogan Holding has executed a share transfer agreement with its business partner, Egmont International, for acquisition of entire shares of Egmont International in Dogan Egmont Yayincilik ve Yapimcilik on 16 February 2021. It has been further stated that, upon approval of the Competition Authority, the share transfer transactions are planned to be duly completed. Accordingly, Dogan Holding will become the sole shareholder of the Company.
- In line with the dailies, Eczacibasi Toplulugu, which is the founder sponsor of Istanbul Kultur Sanat Vakfi (IKSV), has decided to provide additional support to IKSV in the amount of TL 30 million since the foundation has completed 2020 with a loss of nearly TL 10 million because of the negative impacts of Covid-19 pandemic.
- As per the dailies, Lezita, one of the leading brands in the poultry meat industry in Turkey, has completed the year with an export turnover of US$ 40 million and increased its exports by 30% when compared to 2019. In this context, the Company, which had completed the new line investment amounting to TL 100 million as of July 2020, aims to supply for China and the United Kingdom in addition to its current the exports destinations such as Gulf Countries, Iraq, Balkan Countries, Japan, Philippines, Russia, West Africa and North Africa.
- Pursuant to dailies, Referans Grup, one of the important players of the ready-made food industry, has made one of the biggest investments in its field. With an investment of TL 55 million, the Company has established a facility in Bursa with advanced technology infrastructure from cooling units to cooking and pre-preparation stages, which is Europe’s largest and capable of serving 150 thousand people per day.