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ARCLK - Arcelik AS News Story

TRY32.62 -0.1  -0.2%

Last Trade - 12/05/21

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.86bn
Enterprise Value £2.65bn
Revenue £3.90bn
Position in Universe 21st / 649

EBRD lends nearly 1 bln lira to Turkey's Arcelik

Fri 15th March, 2019 8:20am
ISTANBUL, March 15 (Reuters) - The European Bank for
Reconstruction and Development said on Friday it was lending
close to 1 billion lira  ($183 million) to Turkish home
appliances company Arcelik  ARCLK.IS .
    Arcelik will invest in new manufacturing lines at two of its
plants to produce refrigerators and washing machines, the EBRD
said in a statement, adding that it also plans to bring research
and development activities under one roof in a new R&D center. 
    Arcelik is the home appliances arm of Turkey's biggest
industrial conglomerate, Koc Holding  KCHOL.IS .
 ($1 = 5.4586 liras)

 (Reporting by Can Sezer
Writing by Ali Kucukgocmen
Editing by Daren Butler)
 ((ali.kucukgocmen@thomsonreuters.com , @alikucukgocmen;
+902123507067; Reuters Messaging: Reuters Messaging:
ali.kucukgocmen.thomsonreuters.com@reuters.net))
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