Capital Markets Updates
- According to the Weekly Bulletin of the Capital Markets Board, the Board has approved the issuance certificates of Turkiye Vakiflar Bankasi and Turkiye Is Bankasi for bonds/financial bills/subordinated debt instruments with nominal issuance ceilings of US$ 5 billion for both Banks. It has been further stated that such debt instruments are planned to be sold abroad.
- In line with the Weekly Bulletin of the Capital Markets Board, the Board has approved the issuance certificates of Sumer Faktoring, Istanbul Varlik Yonetim and Garanti Factoring for bonds/financial bills with nominal issuance ceilings of TL 115 million, TL 135 million and TL 322 million, respectively. It has been further stated that such debt instruments are planned to be sold to qualified investors.
- Pursuant to the announcement of Netas Telekomunikasyon made in the Public Disclosure Platform, the Company and the General Directorate of Civil Registration and Citizenship Affairs of the Ministry of Interior (General Directorate) have signed an agreement with regards to the central and provincial general maintenance, development and updating services of the General Directorate in the amount of TL 184,780,000+VAT. Moreover, the Company has also signed an agreement amounting to TL 138 million+VAT with Turkcell Satis ve Dijital Is Servisleri to provide services and products for infrastructure installation of the new generation emergency call center project in 13 provinces including Istanbul.
- As per the announcement of Turkcell made in the Public Disclosure Platform, the Company has decided to issue lease certificates (sukuk) based on management agreements with a nominal issuance ceiling of TL 200 million to be sold to private and/or qualified investors without being offered to the public through an asset lease company. Accordingly, such lease certificates will be issued by Turkcell Odeme ve Elektronik Para Hizmetleri which is a wholly owned subsidiary of Turkcell.
- In line with the announcement made by Eregli Demir ve Celik Fabrikalari in the Public Disclosure Platform, the Company has signed a share purchase agreement with Gozde Girişim Sermayesi Yatirim Ortakligi with regards to the transfer of all its shares in Kumas Manyezit Sanayi which operates in mining and brickwork sector as a subsidiary of Gozde Girişim Sermayesi Yatirim Ortakligi. Within the scope of the agreement, the Company will make a payment of US$ 340 million in return for the transferred shares to Gozde Girişim Sermayesi Yatirim Ortakligi.
- Pursuant to the announcement of Tat Gida made in the Public Disclosure Platform, the Company has signed an asset sale agreement with CLA Sut ve Sut Urunleri Gida Sanayi Ticaret, which is a newly established company by Calli Gida Sanayi ve Ticaret (Calli Gida), with regards to the transfer of Tat Gida’s assets in the dairy products business line in return for TL 240 million. It has been further stated that Calli Gida will stand as a guarantor within the scope of the agreement.
- According to the announcement of Yesil Yatirim Holding made in the Public Disclosure Platform, the Company has decided to increase its share capital from TL 6,750,000 to TL 250 million through right issues. It has been further stated that the existing shareholders of the Company have been granted with 15 days in order to exercise their preemption rights as of 6 January 2021.
Competition Highlights
- As per the announcement made in the official website of the Competition Authority, the Board has granted its permission for the takeover of (i) direct sole control of Baymina Enerji, Engie Yonetim Enerji Hizmetleri ve Ticaret and Gazko Enerji Ticaret; and (ii) indirect sole control of Izgaz Izmit Gaz by Palmet Enerji.
- In line with the announcement made in the official website of the Competition Authority, the Competition Board has granted its permission for the transfer of Gebze Terminali which was operating under Samsun Akaryakit Depolama to the owner of such facility, namely Guzel Enerji Akaryakit at the end of the lease term.
- As per the announcement made in the official website of the Competition Authority, the Board has granted its permission for the takeover of sole control of Ejder Kimya Ilac Danismanlik Sanayi ve Ticaret by IMCD N.V. through its subsidiary, namely IMCD Ticaret Pazarlama ve Danismanlik.
Energy News
- In line with the dailies, Aydem Enerji, which operates in the fields of electrical energy generation, distribution and retailing, is planning to invest TL 3.8 billion in infrastructure works, hybrid technologies in electricity generation and development projects of its existing power plants in 2021. Furthermore, the Company estimates to invest TL 9.6 billion for the infrastructure over the next 5 years.
- According to the dailies, one of Turkey’s largest construction and energy companies ENKA Insaat ve Sanayi is planning to establish a partnership with Munich based engineering giant, namely Siemens for building two power plants in Libya which are planned to be completed by the end of 2022. It has been further stated that the Companies have also signed other project agreements with Libya General Electricity Company (GECOL) to meet Libya’s increasing electricity demand.
Other News
- In line with the dailies, Oyak Cimento Fabrikalari has merged with Oyak Beton within the scope of its fast and profitable growth strategy. Accordingly, the merger of the Company with Oyak Beton is expected to increase the total benefit in terms of productivity management with simplified shareholding structure.
- As per the dailies, Koctas, is planning continue its store investments in 2021 within the scope of its retailing strategy. Unlike its huge stores, Koctas aims to increase its prevalence in local areas with a new format called “Koctas Fix” and reach a total of 600 stores by 2025.
- In accordance with the announcement made by Migros, the tenancy rights and the lease agreements for 34 stores owned by CarrefourSA will be transferred to the Company within the scope of the agreement executed on 7 January 2021. It has been further stated that the transfer will be realized upon the approval of the Turkish Competition Board.
- In line with the dailies, Sumoteks, a producer for the fashion giant H&M in Turkey, has decided to open a new factory in Golcuk, Kocaeli. Besides providing employment opportunities for the locals, the Company will export to 42 countries through the new factory where the production is planned to be made via latest technologies complying with global standards.
- Pursuant to the dailies, within the scope of its growth and employment strategy, Isbir Holding decided to boost its production via constructing a ‘Package Spring Production Facility’ which will be operated by the Company’s subsidiary, namely Isbir Sunger. The facility, which is planned to be completed in March 2021 with an investment amounting to TL 2.5 million, will have an annual production capacity of 50,000 mattresses on an area of 4,217 m2.