Arcelik AS logo

ARCLK - Arcelik AS News Story

TRY31.96 0.0  0.0%

Last Trade - 4:00pm

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

BUZZ-Arcelik: Might be long before new JV with Hitachi pays off

Wed 16th December, 2020 9:00am
** Shares in Turkish Arcelik  ARCLK.IS  fall 2.5% after the
white goods producer signed a share purchase agreement with
Japanese Hitachi  6501.T  to set up a joint venture in the
    ** The transaction, which is valued at $300 mln and will see
Arcelik buying 60% of the JV, could further weigh on the
company's indebtedness  
    ** ICBC Yatirim says fall in Arcelik's shares can derive
from the company's current indebtedness and the fact that it
might be long before the investment pays itself off  
    ** The JV will take over two Hitachi production facilities
based in Thailand and China
    ** Shares are sitting at the bottom of Turkey's blue chip
index  .XU100  

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.