Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Turkish Stocks: Akfen Holding, TAV, Gubretas Move in Istanbul

Don't Miss Out —
Follow us on:

March 12 (Bloomberg) -- Turkey’s benchmark ISE National 100 Index fell 0.5 percent to 59,009.47 at the close in Istanbul to its lowest level in two weeks.

The following stocks were active. Stock symbols are in parentheses.

Akfen Holding AS (AKFEN TI), a builder and part-owner of airport operator TAV Havalimanlari Holding AS, dropped 3.9 percent to 9.42 liras after Aeroports de Paris said it was buying a 38 percent stake in TAV for $874 million. ADP may not offer to buy out minority shareholders in the company, TAV chief executive Sani Sener said today in Istanbul. TAV shares retreated 1.9 percent to 8.38 liras after rising as much as 4.2 percent.

Gubre Fabrikalari TAS (GUBRF TI), a fertilizer producer, surged 5.6 percent to 12.20 liras after saying it will receive about 203 million liras ($113 million) in dividends from its Iranian unit Razi Petrochemical Co.’s 2011 earnings.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.