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ARCLK - Arcelik AS News Story

TRY31.96 0.0  0.0%

Last Trade - 13/04/21

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.92bn
Enterprise Value £2.39bn
Revenue £3.65bn
Position in Universe 22nd / 645

BRIEF-Arcelik's Unit Beko Electrical Appliances To Sell Washer Factory In China Worth Approx 128 Mln Lira To Jiangsu Konka

Thu 1st October, 2020 6:48am
Oct 1 (Reuters) - ARCELIK  ARCLK.IS :
    * SAID ON WEDNESDAY UNIT BEKO ELECTRICAL APPLIANCES SIGNS 
ASSET
TRANSFER AGREEMENT TO SELL WASHING MACHINE FACTORY IN CHINA
WORTH APPROX 128 MILLION LIRA TO JIANGSU KONKA SMART HOME
APPLIANCES
    * JIANGSU KONKA TO PAY 105 MILLION CNY IN ADVANCE, 8.7
MILLION CNY
ONE YEAR LATER, 8.7 MILLION CNY TWO YEARS LATER 
    * BEKO ELECTRICAL APPLIANCES TO CONTINUE SALES AND MARKETING
ACTIVITIES IN CHINA AFTER TRANSACTION
    * BEKO ELECTRICAL APPLIANCES TO CONTINUE TO SELL PRODUCTS
IMPORTED
BY GROUP FROM ITS FACTORIES IN OTHER COUNTRIES AND PROCURED IN
COOPERATION WITH LOCAL PRODUCERS IN CHINA 
    * ARCELIK OR ITS UNITS ARE COMMITTED TO SUPPLY PRODUCTS
UNDER
CERTAIN CONDITIONS FROM BUYER FOR 2 YEARS    

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA80LQmY
    
 Further company coverage:  ARCLK.IS  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))
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