New Licenses from CVKMD, Structure from BRYAT, and Fresh Investments from VBTYZ: Latest News from BIST Companies

You can find our summary of the latest company news based on the notifications made by companies listed on Borsa Istanbul below.

CVK Maden completes the transfer of new license area Cvk Maden İşletmeleri Sanayi ve Ticaret A.Ş. (CVKMD) has acquired the IV. Group Exploration License area located in Simav, Kütahya for 1,000,000 TL as a result of a tender organized by the General Directorate of Mining and Petroleum Affairs (MAPEG). The license transfer process has been completed as of December 10, 2024, and the validity date of the license has been set to December 10, 2031. After completing the necessary official processes, CVK Maden plans to start mining exploration activities in the new area. This development will significantly contribute to the company's mining exploration capacity.

Borusan restructures supply and logistics activities Borusan Yatırım's (BRYAT) subsidiaries, Borusan Logistics and Borusan Supply, have begun working on the partial division process for the transfer of certain activities and subsidiaries. This transaction, conducted under the Turkish Commercial Code and relevant tax legislation, involves the transfer of Borusan Logistics activities to Borusan Supply. Due to Borusan Yatırım holding the same stake in both companies, the transaction will not negatively impact consolidated financial results. Assessments are ongoing, and the final decision will be made at the joint general assembly meeting.

Sabancı Holding continues to manage real estate through Tursa Sabancı Holding A.Ş. (SAHOL) has transferred all assets of Exsa Real Estate Project Development A.Ş. to its subsidiary Tursa to manage its investment properties more effectively. This merger process was completed on October 31, 2024. Additionally, a 76.84% stake in Ankara International Hotel Management A.Ş. has also been transferred to Tursa. While these changes do not affect financial statements, Tursa will continue to operate under the Sabancı Holding umbrella.

VBT Yazılım to invest 4 million TL in venture capital fund VBT Yazılım (VBTYZ) has announced plans to invest 4 million TL into the VBT Yazılım Venture Capital Investment Fund managed by Neo Portfolio Management to support start-up projects. This move aims to foster and develop new ventures. The investment is seen as a reflection of VBT Yazılım's commitment to innovative projects, targeting technology-focused initiatives through this fund.

Parsan receives a large order for the Güriş Ax Project Parsan has signed a contract worth 5,860,000 dollars with a customer based in Turkey. The products to be produced for heavy service vehicles under the "GÜRİŞ Ax Project" will be delivered starting in the last quarter of 2025 and completed in the first quarter of 2027. Orders will be invoiced according to the delivery schedule and added to the annual turnover. This agreement will help Parsan strengthen its position in the industry by increasing its production capacity.

Gübretaş Mining Investments signs contract for Söğüt Gold Mine Gübretaş (GUBRF) Mining Investments has signed a contract with Metso Finland Oy and Metso Mining Technologies Inc. for the engineering works of the Phase 2 concentrate production facility at the Söğüt Gold Mine. The agreement is worth 70,000,000 euros, excluding taxes and transportation, with 30% paid in advance. The contract covers all equipment and training to be used at the facility and anticipates handing over the facility as a turnkey project. This step is notable as a significant expansion initiative in Gübretaş's mining investments.

Hun Renewable provides information about international arbitration process Hun Renewable Energy Production A.Ş.'s (HUNER) subsidiary H29 Solar Energy has filed a lawsuit against "Sinoma Energy Conservation Ltd." for 33,434,561 dollars due to non-fulfillment of contract obligations. The case is being heard at the Singapore International Arbitration Centre. In response to this development, Sinoma has also filed a counterclaim against H29 for 18,000,000 dollars. Hun Renewable stated that it is closely monitoring the process and that significant developments will be shared with the public.