Dogus GE GYO, Reysas Lojistik: Turkey Equity Market Preview

The following stocks may be active in Turkey. Symbols are in parentheses and prices are from the last close.

Turkey’s benchmark ISE National 100 index fell 403.41, or 0.6 percent, to 64,905.59 yesterday.

Dogus GE Gayrimenkul Yatirim Ortakligi AS (DGGYO TI): The real estate investment trust’s parent Dogus Holding AS will offer to buy shares from Dogus GE GYO’s minority shareholders between Feb. 14 and Feb. 25, the holding said in a statement to the Istanbul Stock Exchange after the market closed yesterday. Dogus Holding will announce the share call price on Feb. 9, based on $1.17 per share it paid to buy Dogus GE GYO’s 25.5 percent stake from General Electric Co. on Jan. 3, it said. Dogus GE GYO gained 1 kurus, or 0.6 percent, to 1.83 liras.

Reysas Tasimacilik & Lojistik Ticaret AS (RYSAS TI): The Turkish freight transporter repaid a $50 million loan it got from Akbank TAS (AKBNK TI) in January 2010. The company repaid $52.5 million including interest, it said in a statement to the bourse today. Reysas Tasimacilik was unchanged at 2.13 liras.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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