Headline: EREGL's Robust Production Surge, MERCN's New Investment, HDFGS's Sale: Latest Updates from BIST Companies

image

Headline: EREGL's Robust Production Surge, MERCN's New Investment, HDFGS's Sale: Latest Updates from BIST Companies

Mercan Kimya is establishing a solar power plant in Romania
Mercan Kimya Sanayi ve Ticaret A.Ş. (MERCN) has signed an engineering, procurement, and construction (EPC) agreement with Enexus Renewable SRL, based in Romania, for its previously announced 4.7 MW solar power plant project. The company is set to commence site setup and construction activities shortly.

Erdemir Group's crude steel production increased by 32%
Erdemir Group increased its crude steel production by 32% in the first nine months of 2024, reaching 6.6 million tons. Production rose by 29% at the Ereğli (EREGL) facilities and by 35% at the İskenderun facilities. The group's consolidated net profit for 2024 was reported as 10,787,470,000 TL, compared to a loss of -3,867,429,000 TL in the same period of 2023.

Hedef Girişim is selling its shares in Sistem Global Danışmanlık
HEDEF Girişim Sermayesi Yatırım Ortaklığı A.Ş. (HDFGS) has decided to sell 10% of Sistem Global Danışmanlık A.Ş. for 90,000,000 TL. The deadline for the share transfer is set for November 29, 2024. The valuation exceeded the amount stated in the valuation report prepared by Bulls Yatırım Menkul Değerler A.Ş.

Pasifik Teknoloji secures new partnerships at a defense industry expo
Pasifik Teknoloji's subsidiary, Titra Teknoloji, signed three partnership agreements at the SAHA Expo 2024. These agreements aim to integrate local radar into the ALPİN Unmanned Helicopter, equip the DUMRUL UAV with new weapon systems, and use a local engine for the DELİ Kamikaze UAV.

Aztek Teknoloji increases its market share in headphones and speakers
Aztek Teknoloji's market share in the headphone segment reached 55.6%, and 61.5% in the speaker segment during the first nine months of 2024. The Turkish headphone market grew by 55.4%, while the speaker market expanded by 80.4%.

EBRD invests $55 million in Rönesans's Eurobond issuance
The European Bank for Reconstruction and Development (EBRD) invested $55 million in Rönesans Holding's $350 million sustainability bond issuance. This bond is the first sustainability bond issued by a non-financial private company in the country.