Dardanel falls on stake sale by main shareholder, capital increase announcement

Dardanel Onentas Gida Sanayi

20/12/2024 08:39

** Shares in Dardanel Onentas  DARDL.IS  drop 10% after the
Turkish producer of canned and frozen goods announced a capital
increase and flagged a stake sale by its main shareholder
     ** Dardanel says it has decided to increase its share
capital to 2.34 billion lira ($67 million) from 586.1 million
lira through a rights issue
    ** It also says the main shareholder of Dardanel has sold a
17.1% stake in the company to foreign investment funds 
    ** Following the transaction, controlling stakeholder Niyazi
Onen Holding will own 51.5% in Dardanel
    ** Yusuf Doğan, Head of Global Markets Research at Info
Yatırım, says the significant share drop is due to the two
announcements
     ** The shares hit the Turkish stock exchange's 10% cap on
daily losses
    
($1 = 34.9360 liras)

 (Reporting by Canan Sevgili)
 ((canan.sevgili@thomsonreuters.com))