Vestel Elektronik jumps after court awards it 684.4 mln euros compensation
06/02/2024 07:47
** Shares of Vestel Elektronik VESTL.IS jump 10% after
Dutch court ruled that TTD International S.A.S and TDP SP. Z.O.O
should pay a compensation of 684.4 million euros to Vestel
** Vestel Elektronik and its foreign subsidiaries have filed
a lawsuit for compensation of 2.05 billion euros based on
competition laws against Samsung, LG group companies, Technicolr
S.A., TTI International S.A.S and TDP SP. Z.O.O, Vestel said
** Fund manager Doruk Ozaner says the fact that compensation
was ruled to be paid to Vestel Elektronik is driving the
positive reaction of the stock
** Vestel Elektronik's stock is the best performer on
Turkey's BIST-100 index .XU100 , which is down 0.07%
(Reporting by Canan Sevgili)
((canan.sevgili@thomsonreuters.com))