Brief: Tekfen Holding Announces 5-Year "Shrink To Grow" Strategic Plan

Tekfen Holding

23/06/2023 15:03

June 23 (Reuters) - TEKFEN HOLDING AS  TKFEN.IS :
    * TEKFEN HOLDING ANNOUNCES FIVE-YEAR "SHRINK TO GROW"
STRATEGIC
PLAN
    * TEKFEN HOLDING SAYS ALL MANUFACTURING PLANTS PERTAINING TO
THE
CONTRACTING GROUP WILL BE GATHERED UNDER TEKFEN IMALAT VE
MUHENDISLIK
    * TEKFEN HOLDING SAYS  TEKFEN IMALAT VE MUHENDISLIK WILL BE
CONVERTED TO "TEKFEN PLATFORM VE MODULER IMALAT" TO MERGE ALL
AUTHORIZATIONS IN AZERBAIJAN AND KAZAKHSTAN AND TO MONITOR ALL
ON-SHORE AND OFF-SHORE PROJECTS
    * TEKFEN HOLDING SAYS THE NUMBER OF REGIONAL OFFICES WILL
SUBSEQUENTLY BE REDUCED AND SOME OFFICES WILL BE SHUTTERED IF
DEEMED APPROPRIATE
    * TEKFEN HOLDING SAYS TO EXPLORE POTENTIAL COOPERATION FOR
TEKFEN
CONSTRUCTION AND INSTALLATION AND TOROS AGRI COMPANIES TO
ACHIEVE STRATEGIC TARGETS
    * TEKFEN HOLDING SAYS TO EXPLORE POSSIBLE OPPORTUNITIES TO
CONVERT
TERMINAL OPERATIONS INTO A FOURTH FIELD OF BUSINESS
INCORPORATING CONTAINER PORT MANAGEMENT THROUGH A STRATEGIC
PARTNERSHIP THAT WILL GENERATE ADDED VALUE
    * TEKFEN HOLDING SAYS DENKMAL IN DAHLEM OTTO-HAHN-PLATZ
GMBH, THE
TOPKAPI ESTATE, AND THE DERINCE ESTATE OWNED BY TEKFEN
MANUFACTURING, ALL PART OF ITS ASSETS, WILL BE SOLD TO GENERATE
A TOTAL OF OVER $80 MILLION IN CASH

Source text for Eikon:  ID:nIKA7NYfGB 
Further company coverage:  TKFEN.IS 
    

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