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Turcas Petrol AS (TRCAS.IS)

TRCAS.IS on Istanbul Stock Exchange

2.57TRY
21 Sep 2017
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-0.03TL (-1.15%)
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Latest Key Developments (Source: Significant Developments)

Turcas Petrol to merge with its wholly owned unit Turcas Enerji Holding
Tuesday, 19 Sep 2017 03:03am EDT 

Sept 19 (Reuters) - TURCAS PETROL AS ::SAID ON MONDAY WHOLLY OWNED UNIT TURCAS ENERJI HOLDING HAS RESOLVED TO MERGE WITH WHOLLY OWNED UNIT TURCAS YENILENEBILIR ENERJI ÜRETIM.THE MERGER WILL TAKE PLACE VIA TAKEOVER METHOD WHEREBY ALL ASSETS AND LIABILITIES OF TURCAS YENILENEBILIR ENERJI ÜRETIM SHALL BE TRANSFERRED TO TURCAS ENERJI HOLDING.TURCAS PETROL HAS ALSO RESOLVED TO MERGE WITH ITS 100% UNIT TURCAS ENERJI HOLDING VIA TAKEOVER METHOD .MERGER TRANSACTION BETWEEN TURCAS ENERJI HOLDING AND TURCAS PETROL WILL BE INITIATED AFTER THE COMPLETION OF MERGER BETWEEN TURCAS YENILENEBILIR ENERJI ÜRETIM AND TURCAS ENERJI HOLDING .  Full Article

Turcas Petrol net result turns to loss of 18.1 million lira
Monday, 21 Aug 2017 11:12am EDT 

Aug 21 (Reuters) - TURCAS PETROL ::Q2 NET LOSS OF 18.1 MILLION LIRA VERSUS PROFIT OF 12.0 MILLION LIRA YEAR AGO .NO REVENUE FOR Q2 VERSUS NO REVENUE YEAR AGO.  Full Article

Turcas Petrol Q1 net result turns to loss of 2.1 million lira
Wednesday, 10 May 2017 11:12am EDT 

May 10 (Reuters) - TURCAS PETROL :Q1 NET LOSS OF 2.1 MILLION LIRA ($586,281.02) VERSUS PROFIT OF 15.4 MILLION LIRA YEAR AGO.  Full Article

Turcas becomes the only direct shareholder of Turcas Elektrik Üretim
Friday, 28 Apr 2017 07:01am EDT 

April 28 (Reuters) - Turcas Petrol ::Becomes the only direct shareholder of Turcas Elektrik Üretim (TEUAS) with 100 percent stake.254.5 million TEUAS shares (each share having 1 lira nominal value) were acquired by Turcas Petrol <<>> for a consideration of 103.4 million lira ($29.21 million) (equity value).  Full Article

Turcas Petrol aims to start commercial operations at Kuyucak Q4 2017
Monday, 24 Apr 2017 06:36am EDT 

April 24 (Reuters) - Turcas Petrol ::Sees execution of on-time project construction activities at Turcas Kuyucak with an aim to start commercial operations of 18 MW geothermal power plant in 4Q17.  Full Article

Turcas Petrol proposes net 0.056 lira/shr dividend for 2016
Monday, 3 Apr 2017 07:44am EDT 

Turcas Petrol :Proposes to pay FY 2016 dividend of gross 0.066666 lira ($0.0183) net 0.056666 lira per share.  Full Article

Turcas Petrol signs MoU with Innogy SE to collaborate in energy sector
Monday, 27 Mar 2017 10:44am EDT 

Turcas Petrol : Signs memorandum of understanding with Innogy SE to collaborate in renewable energy projects in solar and wind power as well as energy storage investments .Says MoU is without geographical limitation and expiry date.  Full Article

Turcas Petrol FY 2016 net result turns to profit of 18.0 mln lira
Tuesday, 14 Mar 2017 02:59am EDT 

Turcas Petrol A.S. :Said on Monday that FY 2016 net profit at 18.0 million lira ($4.80 million) versus loss of 36.4 million lira year ago.  Full Article

Turcas Petrol to merge with its unit Turcas Elektrik Üretim via acquisition
Friday, 20 Jan 2017 08:55am EST 

Turcas Petrol : Says to merge with 99.99 percent owned indirect subsidiary Turcas Elektrik Üretim via acquisition with an aim to effectively manage subsidiaries portfolio and financial resources within the group and enhance resource optimization .More effective and active hedging mechanism is aimed with this merger transaction via reclassification of foreign currency denominated long term investment loans within the group under the same balance sheet of the Company, which has foreign currency denominated revenues.  Full Article

Turcas Petrol unit STAS acquires 27 pct of ATAS's shares and storage facilities
Wednesday, 4 Jan 2017 06:18am EST 

Turcas Petrol : 30 percent owned unit Shell & Turcas Petrol AS (STAŞ) acquires 27 percent shares of ATAS owned by the Shell Petroleum Company (SPC) as of 30 December 2016 . Unit STAS acquires 27 percent shares of ATAS storage facilities owned by Raffinaderij Shell Mersin N.V . Says the transaction price is 30 million lira ($8.41 million) .As result of the transaction Turcas Petrol will have indirect 8.1 percent share in ATAS in addition to its current 5 percent direct ownership.  Full Article