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Akfen Gains in Istanbul After Report on TAV Insaat Contract

Akfen Holding AS, a Turkish builder, climbed in Istanbul after Reuters reported Akfen’s unit TAV Insaat and partners may win a contract valued at about $3 billion in Abu Dhabi.

Akfen rose 3.4 percent to 9.62 liras at the 12:30 p.m. midday close, in the biggest increase since April 13. A group including Arabtec Holding PJSC, TAV Insaat and Consolidated Contractors Co. may win the contract for the expansion of Abu Dhabi’s international airport, Reuters reported, citing people it didn’t identify.

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