İzmir Demir Çelik Raises Izdemir Enerji Stake to 55.789%
The company bought 36,000,000 lira nominal value of shares in Izdemir Enerji, lifting its stake to 55.789%.
Key takeaways
- İzmir Demir Çelik bought shares with a total nominal value of 36,000,000 lira.
- Its stake in Izdemir Enerji rose to 55.789%.
İzmir Demir Çelik bought shares in Izdemir Enerji with a total nominal value of 36,000,000 lira on October 13, according to a company filing with KAP. The transaction was made on Borsa İstanbul through a special-order trade at 3.50 lira.
The purchase raised İzmir Demir Çelik’s ownership in Izdemir Enerji to 55.789%, from 54.316% at the start of the day. The company said the transaction took place as part of fund liquidation processes.
The deal transfers existing shares to İzmir Demir Çelik; it is not a capital contribution to Izdemir Enerji. The filing did not state any further steps.
This article was produced with the help of AI technology. Source: Yahoo Finance
