Capital Markets Updates
- Pursuant to the Weekly Bulletin of the Capital Markets Board, the Board has approved the prospectuses of Celik Halat ve Tel Sanayii, Guler Yatirim Holding and Izmir Demir Celik Sanayi with regards to their share capital increases in the amounts of TL 25 million, TL 90 million and TL 1,125,000,000, respectively. Accordingly, such capital increases will be realized through rights issues. It has been further stated that the share capitals of each Company will reach TL 41.5 million, TL 120 million and TL 1.5 billion, respectively, as a result of such capital increases. Moreover, the newly issued shares are planned to be sold via public offering.
- As per the Weekly Bulletin of the Capital Markets Board, the Board has approved the issuance certificate of Avrasya Gayrimenkul Yatirim Ortakligi with regards to its share capital increase in the amount of TL 39.6 million. Accordingly, such capital increase will be realized through capitalization of its internal reserves. It has been further stated that upon completion of such capital increase, the share capital of the Company will reach TL 111.6 million.
- Pursuant to the Weekly Bulletin of the Capital Markets Board, the Board has approved the issuance certificates of Seker Faktoring and Eregli Tekstil Turizm Sanayi ve Ticaret for bonds/financial bills with nominal issuance ceilings of TL 71 million and TL 745 million, respectively. It has been further stated that such debt instruments are planned to be sold to qualified investors.
- In line with the Weekly Bulletin of the Capital Markets Board, the Board has approved the issuance certificate of SASA Polyester Sanayi for convertible bonds with a nominal issuance ceiling of US$ 200 million. It has been further stated that such debt instruments are planned to be sold abroad. Moreover, the Board has also approved the issuance certificate of Emlak Katilim Varlik Kiralama for management agreement backed lease certificates with a nominal issuance ceiling of TL 15 billion. It has been further stated that such debt instruments are planned to be sold to qualified investors and/or via private placements.
- Pursuant to the dailies, Matriks Bilgi Dagitim Hizmetleri, a Turkish data distribution company, has made an application to Capital Markets Board for the approval of its prospectus with regards to the initial public offering of its shares. It has been further stated that the Company has authorized Garanti Yatirim Menkul Kiymetler for such public offering process.
- According to the announcement made by Altinyag Madencilik ve Enerji Yatirimlari on the Public Disclosure Platform, the Company has won the tender of the Savings Deposit Insurance Fund (TMSF) with regards to purchase of Malkara Komur Isletmeleri Ticari ve Iktisadi Butunlugu (Malkara Komur). Accordingly, the Company has acquired Malkara Komur in return for TL 23.6 million. It has been further stated that, following such tender, a framework agreement with regards to the long-term coal sales of 2 million tons has been executed by and between Malkara Komur and Can Thermal Power Plant.
- In line with the announcement made by Ihlas Holding on the Public Disclosure Platform, the Company and Ozel Istanbul Medicine Hospital (Eren Saglik Hizmetleri Ticaret ve Sanayi) are currently negotiating to cooperate on various issues, including but not limited to forming a partnership, in order to expand its activities in the health sector. It has been further stated that a confidentiality agreement has been executed by and between the Company and Ozel Istanbul Medicine Hospital.
- As per the announcement made by Tukas Gida Sanayi ve Ticaret on the Public Disclosure Platform, within the framework of investment policies and strategies of the Company, the Company has authorized Garanti Yatirim Menkul Degerler to evaluate potential partnership negotiations and various strategic options of the Company and participate with the negotiations with potential purchasers, when necessary.
- Pursuant to the announcement made by the Bankpozitif Kredi ve Kalkinma Bankasi on the Public Disclosure Platform, shareholders of the Bank, namely Tarshish Hapoalim Holdings and Investments (Tarshish) and C Faktoring have reached an agreement with a potential buyer for the sale of all their shares in the Bank, as of 9 February 2021. It has been further stated that, such agreement will be valid provided that the approval of the Banking Regulation and Supervision Agency (BRSA) is obtained by the buyer; and the relevant Israeli authorization by the Tarshish, the main shareholder of the Bank, until 30 June 2021.
- According to the dailies, an authorization agreement with regards to public offering of Biotrend Cevre ve Enerji Yatirimlari, a subsidiary of Doganlar Holding, has been executed by and between Deniz Yatirim Menkul Kiymetler and Turkiye Sinai Kalkinma Bankasi, which are the consortium co-leaders.
Competition Highlights
- According to the announcement made in the official website of the Competition Authority, the Board has granted individual exemption to the Personal Accident Bancassurance Agreement executed by and between BNP Paribas Cardif Emeklilik, BNP Paribas Cardif Sigorta and Turk Ekonomi Bankasi.
- 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 Cigli Su Teknolojileri by Ebara Corporation.
- 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 Al Obeikan SIG Combibloc Company Ltd. and SIG Combibloc Obeikan FZCO by SIG Combibloc Group AG.
Energy Sector News
- In line with the dailies, Turkish Petroleum Overseas Company Limited (TPOC), an international subsidiary of Boru Hatlari ile Petrol Tasima (BOTAS) and Turkiye Petrolleri Anonim Ortakligi (TPAO), has decided to establish three new companies, namely Turkish Petroleum International Turkish Petroleum Off-Shore Technology Center and BOTAS International in order to operate 405 billion m3 natural gas field discovered in the Black Sea.
- Pursuant to the dailies, Renesco Enerji Sanayi ve Ticaret, operating in the renewable energy sector, has won a tender made by Kayseri Metropolitan Municipality for the construction of biogas plant in Kayseri, as of 26 January 2021. Accordingly, the Company will establish the biogas plant and will implement the project with an investment of Euro 10 million in 2021. It has been further stated that such biogas plant is planned to have an installed power of 4.5 megawatts.