GESAN's Tender, TURSG's Bonus Increase, SURGY's Precaution: Latest Updates from BIST Companies

According to the notifications made by the companies traded on Borsa Istanbul, you can find our updated company news summary below.

Girişim Elektrik Wins TEİAŞ Tender Girişim Elektrik (GESAN) has won the tender for the "154 KV Pazarcık TM Construction Project" organized by Türkiye Elektrik İletim A.Ş. (TEİAŞ). The company reported winning the tender with a bid of 184,062,120.50 TL to the Public Disclosure Platform (KAP). The TEİAŞ Tender Commission officially confirmed that the tender is awarded to Girişim Elektrik.

Türkiye Sigorta Records Increase in Premium Production Türkiye Sigorta (TURSG) achieved a gross premium production of 79 billion 966 million TL by the end of October 2024. This figure represents an 81% increase compared to the same period last year, when total premium production was recorded at 44 billion 244 million TL.

Gross Settlement Application on SURGY Shares Under the VBTS framework, the gross settlement application for SURGY shares has commenced on Borsa Istanbul. The application will continue from the start of the session on November 22, 2024, until the end of the session on December 20, 2024. Measures such as the prohibition of margin trading will also continue to be implemented.

GSD Asset Management Wins ING Bank Tender GSD Varlık Yönetim A.Ş. won the tender for ING Bank's commercial/small and medium-sized enterprise qualified portfolio with a principal amount of 64.5 million TL by offering the highest bid. The tender involved a total of 10 asset management companies, with the final results pending approval from the financial institution's Board of Directors.

Ufuk Yatırım Yönetim Makes Major Land Investment Ufuk Yatırım Yönetim (UFUK) acquired 11 plots of land from Yıldız Holding in Tuzla, Istanbul. The negotiation, considering the SPK licensed appraisal report, was made with a total upfront payment of 1,275,000,000 TL + VAT. The total area of the properties was reported to be 106,590.17 m2.

Döktaş Dökümcülük Signs €3.7 Million Contract Döktaş Dökümcülük (DOKTA) has signed an annual contract valued at €3.7 million for the production of cast iron parts for power transmission components. The delivery of these products is set to begin in the last quarter of 2025. This collaboration is expected to positively impact future revenues.

Netsafe Acquires Shares in the UK Netsafe, a subsidiary of Icu Girisim Sermayesi (ICUGS), has purchased a 5% stake in Adventus Venture Capital Trust in the UK. A payment of 1,500,000 GBP was made for this investment. Adventus Venture Capital Trust plans to increase its total capital from 30 million GBP to 45 million GBP within six months.

Hat-San Shipbuilding Completes $31 Million Delivery Hat-San Gemi İnşaa (HATSN) completed its first project delivery under a ship conversion contract with a private company located abroad. This delivery was valued at 31 million dollars.

Tera Yatırım and Vesta Menkul Değerler Merger Tera Yatırım Menkul Değerler (TERA) has decided to merge with Vesta Menkul Değerler, of which it is a 100% shareholder. The merger, conducted through a simplified procedure, will be executed based on the financial statements dated September 30, 2024. There will be no changes to the company's articles of association and no capital increase will be made during this merger.

Sports Companies' Financial Results Announced Galatasaray (GSRAY) Sportif recorded a net profit of 122,956,060 TL during the summer period of 2024. Meanwhile, Trabzonspor Sportif (TSPOR) reported a net loss of 321,562,515 TL for the same period. Beşiktaş Futbol's (BJKAS) reported period loss was 152,739,319 TL. These results show significant changes compared to previous periods.