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ARCLK - Arcelik AS News Story

TRY33.3 0.0  0.0%

Last Trade - 4:00pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.93bn
Enterprise Value £2.73bn
Revenue £4.01bn
Position in Universe 21st / 645

BRIEF-Arcelik and Koc Holding signs new JV agreement with LG Electronics

Fri 28th October, 2016 6:21am
Oct 28 (Reuters) - Arcelik As  ARCLK.IS  
    * A new JV agreement signed among Arcelik, Koc Holding, and 
LG Electronics, regarding the management and operations of 
Arçelik-LG Klima 
    * New agreement will be effective until December 31, 2023 
    * Based on the agreement with LG Electronics, Arcelik will 
obtain the exclusive rights to sell LG branded commercial 
products excluding single unit CAC products in Turkey effective 
from April 2017 
 
Source text for Eikon:  ID:nIKAHLpCm  
     
Further company coverage:  ARCLK.IS  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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