Turkey's Akçansa surges after parent holding receives binding offer for almost 40% of its shares

Akcansa Cimento Sanayi ve Ticaret AS

28/01/2026 07:55

** Shares in Turkey-based cement and concrete maker Akçansa AKCNS.IS rise around 10% after its parent company announced that it received an offer for its shares

** Sabancı Holding, Akçansa's parent, announced on Wednesday that it received a binding offer for its 39.72% stake in cement maker Akcansa at an enterprise value of USD 1.1 bln

** Brokerage Is Yatirim calls the development "positive" for both Sabanci Holding and Akcansa stocks

** Shares in Akçansa hit the 10% ceiling on Turkey's Borsa Istanbul stock exchange, while the parent Sabancı Holding's shares are trading up around 4%

 (Reporting by Arda Dipova)

 ((Arda.dipova@thomsonreuters.com))