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Vestel Beyaz Buys Land Plot From Vestel Elektronik At 131.8 Mln Lira
Vestel Elektronik Says Vestel Ticaret's Netherlands-Based Units Vestel Holland B.V. And Vestel Benelux B.V To Merge Under Vestel Holland B.V. Company
Vestel Elektronik Says Vestel Ticaret And Whirlpool Signs Service Agreement
Vestel Elektronik Sanayi ve Ticaret A.S. (Vestel) is a Vestel Group Company based in Turkey, engaged in the manufacture, marketing and distribution of consumer electronics, digital technologies, household appliance and information technologies. It operates in three main segments: television and electronics; refrigerator, air conditioning units, washing machines and cookers, and digital devices. Its product portfolio includes liquid crystal display (LCD) television sets (TV), plasma TV, digital set-top boxes. The Company has production facilities in Manisa and Izmir in the Aegean Region of Turkey, and in Vladimir Region of Russia. Domestic and foreign marketing and distribution of all Vestel products are undertaken by Vestel Marketing and Vestel Foreign Trading, respectively. The Company is a subsidiary of Collar holding B.V. In September, 2013, Zorlu Holding AS raised its interest to 77.54% from 2.73%, by acquiring a 74.81% interest, in the Company.
Audio & Video Equipment
Levent 199 Buyukdere Cad. No 199 Sisli
Enis Turan Erdogan
Chairman of the Executive Committee
Ahmet Nazif Zorlu
Non-Executive Chairman of the Board
Independent Non-Executive Vice Chairman of the Board
Executive Committee Member, Chief Financial Officer of the Vestel Group of Companies
General Manager in Charge of Domestic Sales and Marketing at Vestel Ticaret AS, Executive Committee Member
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* SAID ON TUESDAY Q1 NET PROFIT OF 230.0 MLN LIRA VS NET LOSS OF 274.4 MLN LIRA YEAR AGO
VESTEL ELEKTRONIK SANAYI VE TICARET : * SAID ON WEDNESDAY PROPOSES NOT TO PAY DIVIDEND FOR 2019 Source text for Eikon: Further company coverage: (Gdansk Newsroom)
* SAYS VESTEL ELEKTRONIK WILL RESUME ITS PRODUCTION ACTIVITIES AS OF APRIL 6 WITH LOWER CAPACITY Source text for Eikon: Further company coverage: (Gdansk Newsroom)
* REPORTED ON TUESDAY FY NET PROFIT AT 324.0 MILLION LIRA VERSUS 371.2 MILLION LIRA YEAR AGO
Turkey unveiled its first fully domestically-produced car on Friday, saying it aimed to eventually produce up to 175,000 a year of the electric vehicle in a project expected to cost 22 billion lira ($3.7 billion) over 13 years.
* SAID ON WEDNESDAY HAS DECIDED TO EXPAND BRAND LICENSING AGREEMENT BETWEEN ITS 100%-OWNED UNIT VESTEL TICARET AND SHARP CORPORATION BY INCLUDING SMART PRODUCTS UNTIL END OF 2024
Here are news, reports and events that may affect Turkish financial markets on Monday.
Here are news, reports and events that may affect Turkish financial markets on Friday.
Here are news, reports and events that may affect Turkish financial markets on Thursday.
Turkey's banking watchdog has eased payment regulations for credit cards, raising the maximum number of instalments and cutting repayment levels as it looks to support domestic consumption in a struggling economy.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
Turkish fixed-line operator Turk Telekom said on Friday that it clinched a cooperation deal with Vestel after President Tayyip Erdogan called on Turks to use locally-made mobile phones instead of Apple's iPhone.
President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States, retaliating in a row with Washington that has helped drive the lira to record lows.
President Tayyip Erdogan said on Tuesday Turkey would boycott electronic products from the United States, which has imposed sanctions and raised tariffs against Ankara in a dispute about the detention of a U.S. evangelical pastor.
* SAID ON MONDAY Q2 REVENUE 3.89 BILLION LIRA VERSUS 2.96 BILLION LIRA YEAR AGO
* SAID ON SATURDAY VESTEL ELEKTRONIK ESTABLISHES JOINT VENTURE FOR TURKEY'S CAR INDUSTRY AND COMMERCE WITH ANADOLU GRUBU HOLDING, TURKCELL ILETISIM, KARSAN OTOMOTIV AND BMC
VESTEL ELEKTRONIK SANAYI VE TICARET AS :
* TO USE STATE INCENTIVES FOR BATTERY FACTORY AND ELECTRIC CAR INVESTMENTS Source text for Eikon: Further company coverage: (Gdynia Newsroom)
Turkey will award a total of 137.4 billion lira ($34 billion) in incentives to projects by companies including Vestel <VESTL.IS>, Tosyali, Metcap and Sasa <SASA.IS>, the economy ministry said on Monday.
Turkey's Zorlu Holding is preparing its units for initial public offerings either in the domestic market or abroad, its chief executive Omer Yungul told Reuters on Friday, and it was also considering using international capital markets instruments.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.