Coca-Cola Icecek slides on fine, customs payments totalling $58.2 million
24/08/2026 08:45
BUZZ-Coca-Cola Icecek slides on fine, customs payments totalling $58.2 million ** Shares in Turkey-based Coca Cola Icecek CCOLA.IS fall nearly 6%, touching their lowest price in almost two months, after it flagged additional customs payments and a fine totalling 2.8 billion lira ($58.2 million)
** The company engaged in the bottling and distribution of alcohol-free beverages said on Friday it had been notified of additional customs assessment of 705.8 million lira and an administrative fine of 2.1 billion lira
** Brokerage Is Yatirim assesses the news to be marginally negative for the stock, noting the total payable amount is equivalent to about 1% of the company's market capitalisation
** The stock is among the worst performers in Turkey's main BIST 100 index .XU100
($1 = 48.0782 liras)
(Reporting by Arda Dipova)
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