Latest Updates on BIST Companies
You can find our summary of current corporate news prepared based on the notifications made by companies listed on Borsa Istanbul in the continuation of our content.
Tarkim Bitki Koruma signs agreement for new factory construction
Tarkim Bitki Koruma (TARKM), which operates in the agriculture sector, has signed a new agreement to continue construction works for its new factory investment to be established in the Turgutlu Organized Industrial Zone in Manisa province.
Following previously canceled agreements, the company has entered into a contractor agreement with Hibrit Mühendislik İnşaat Bilgi İletişim Teknik Makine Sanayi Ticaret Ltd. Şti. for carrying out construction and engineering activities. This includes projects for ground reinforcement, factory buildings, storage areas, and landscaping.
As previously announced by Tarkim, the prior agreement had been made with Bayındırlar Yapı A.Ş.-Makfen Yapı İnş. San. Tic. A.Ş. Joint Venture and was terminated for justified reasons. Under the new agreement, the company aims to further develop its factory in line with its strategic goals and increase its production capacity.
İş Bankası's stake in Şişe Cam reaches 51.43% with increased share purchases
Türkiye İş Bankası (IS:ISATR) (ISCTR) has raised its stake in Türkiye Şişe ve Cam Fabrikaları A.Ş. (SISE) to 51.43% as a result of new share purchases. With this transaction, İş Bankası's dominance in Şişe Cam has strengthened. The transaction carried out at the end of last year involved the purchase of Şişe Cam shares in the price range of 41.26-41.82 TL with a nominal amount of 6,300,000 TL.
In addition, İş Bankası's 0.05% stake in Anadolu Hayat Emeklilik A.Ş. (ANHYT), which it has management control over, will continue to remain under the bank's control. The bank plans to continue making strategic investment moves in the future.
Aydem Yenilenebilir's Adıgüzel Hybrid Floating Solar Project continues
Aydem Yenilenebilir Enerji A.Ş. (AYDEM) made a statement to correct any misunderstandings in the public regarding the Adıgüzel Hybrid Floating Solar project. The company stated that the project has not been canceled and that the updates made to the system have not harmed the project. It was noted that the application made in 2022 needs to be updated in the online system due to the additional time required during the EIA process.
The project continues its activities under the investment plans and is progressing in light of ordinary procedures. Aydem Yenilenebilir emphasized that the project is still ongoing and that developments are being closely monitored.
Petkim increases credit agreement with J.P. Morgan
Petkim (PETKM) has increased its credit agreement with J.P. Morgan Securities from 300 million dollars to 400 million dollars, adding 100 million dollars. The agreement’s maturity has also been extended until December 2027. The interest rate has been updated to SOFR + 3.95%.
This development is seen as an important step taken to enhance Petkim's financial flexibility and support its growth strategies. The company plans to effectively utilize this financial resource in its future projects.
Mint withdraws its electric vehicles from the system
Mint, a subsidiary of Escar Filo Kiralama (ESCAR), has decided to halt its operations with electric vehicles. This decision was made due to supply and pricing issues encountered in the project planned to expand under the Minbee brand and the need for developing mobile charging technology.
While assessing the current situation, the company opted to withdraw the vehicles from the system, aiming to restart its operations in the future according to changes in the sector and appropriate conditions. Mint announced that it will continue to closely monitor developments.
Certain shares subject to measures within the scope of VBTS
Various measures have been taken for certain shares within the framework of the Volatility-Based Measure System (VBTS) in Borsa Istanbul. According to the decision of the Capital Markets Board, these measures will be valid for AGROT and BRKVY shares from December 19, 2024, to January 17, 2025. During this period, these shares cannot be subject to margin trading.
Additional measures imposed on Gür-Sel Tourism shares
The management of Borsa Istanbul has decided to implement comprehensive measures regarding the shares of Gür-Sel Turizm Taşımacılık ve Servis Ticaret A.Ş. Starting from December 19, 2024, for a period of 1 month, restrictions such as "Prohibition of Margin Trading" and "Prohibition of Order Cancellation, Order Quantity Reduction, and Order Price Deterioration" will be enforced on GRSEL shares. The end date of these measures has been set as January 17, 2025.