Exciting Updates from BIST Companies: New Tender from PLTUR, Order Agreement from ALTNY, and Fintech Initiative from ESCOM
You can check out our updated company news summary prepared based on the announcements made by companies listed on Borsa İstanbul in the continuation of our content.
Platform Tourism announces significant contract agreements Platform Turizm Taşımacılık Gıda (IS:PLTUR) İnşaat A.Ş. has signed contracts for two major projects with the Istanbul Metropolitan Municipality and the General Directorate of Emergency Health Services. The agreement for vehicle rental services with the Istanbul Metropolitan Municipality amounts to 3,060,871,676.25 TL + VAT, while the contract for ambulance aircraft rental services with the General Directorate of Emergency Health Services is for 16,316,000 USD + VAT. The vehicle rental will commence on November 1, 2024, and the ambulance aircraft rental will begin within 180 days. In this project, Platform Turizm will hold a 75% stake, while SOS Havacılık Sanayi will have a 25% stake.
Otokar announces financial results For the nine-month period of 2024, Otokar (OTKAR) has reported a net loss of 2,399,916,000 TL. However, this loss reflects a significant increase compared to the same period in 2023, when the recorded loss was 134,760,000 TL. This situation presents a crucial indicator regarding the company's financial performance.
Gelecek Varlık Yönetimi wins receivables portfolio from Yapı Kredi Gelecek Varlık Yönetimi A.Ş. (GLCVY) has secured the highest bid for a single individual portfolio in the sale of 11 overdue receivable portfolios from Yapı Kredi Bankası (IS:YKBNK), with a principal size of 140.2 million TL. The bank's board of directors' approval is awaited for the finalization of the tender. Following approval, the transfer process will commence. A total of 12 asset management companies participated in the bidding process.
Anadolu Isuzu expands operations in Uzbekistan Anadolu Isuzu (ASUZU) has initiated efforts to submit a binding offer regarding the JV Samauto company in Uzbekistan. The aim is to acquire a majority stake in the company under the framework of a Memorandum of Understanding signed with the State Asset Management Agency of the Republic of Uzbekistan. Subject to favorable outcomes from financial and legal examinations, the company plans to present a binding offer.
Aygaz to purchase a new LPG vessel Aygaz A.Ş. (AYGAZ) will purchase an LPG vessel of MGC size to support its strategic objectives in LPG trade. A deal has been made with Spires Marine LTD for this vessel valued at 59 million dollars. A portion of the purchase amount is to be paid as an advance, while the remaining balance will be paid upon delivery.
Altınyağ Madencilik makes new property acquisitions Altınyağ Madencilik A.Ş. (ALMAD) has purchased two fields in Tekirdağ Malkara. The first property measured 25,728.25 m2 and was purchased for 7,143,560 TL, while the second property, covering 10,287.76 m2, was bought for 2,856,440 TL. In total, the properties were acquired for 10 million TL, though these transactions are not considered significant.
New order for Altınay Savunma Altınay Savunma (ALTNY) has received an order worth 1,644,750 USD + VAT for the supply of critical subsystems for air defense systems. Deliveries related to this order will take place between 2025 and 2027, and this supply offers the company an opportunity to strengthen its position in the industry.
Kızılbük GYO gains momentum in timeshare sales Kızılbük GYO (KZBGY) has conducted the sale of 316 timeshares in the Sinpaş Kızılbük Thermal Wellness Resort project in Marmaris during October. The pre-sales revenue generated amounted to 170,429,881 TL. To date, a total of 28,640 timeshares have been sold within the project, generating a total pre-sales revenue of 6,924,390,351 TL, excluding VAT.
E-Data signs distributorship agreement with BeyondTrust E-Data Teknoloji (EDATA) has become the authorized distributor for the US-based software company BeyondTrust in Turkey. BeyondTrust offers solutions such as identity management and access control. The agreement aims to increase the company's influence in the Turkish market.
Tat Gıda loses its chairman Tat Gıda's (TATGD) Chairman of the Board, Şerafettin Memiş, has passed away. The company will appoint a new board member to fill the vacancy left by Memiş. An announcement regarding the identity of the new member will be made at the next board meeting.
Çimsa signs green loan agreement with IFC Çimsa Çimento (CIMSA) has signed a green loan agreement worth 70 million dollars with the International Finance Corporation. This loan will be utilized for projects supporting the use of renewable energy alongside alternative fuels and raw materials at its factories in Mersin, Eskişehir, and Afyon.
Escort Teknoloji Yatırım consolidates fintech investments under Finesta Escort Teknoloji Yatırım (ESCOM) has decided to consolidate its fintech projects under Finesta Finansal Teknolojiler A.Ş. Finesta aims to develop projects in innovative areas such as asset tokenization and the use of artificial intelligence in financial technologies. This move will strengthen the company's position within the financial ecosystem.