Vestel Elektronik up after noteholders approve waiver on default conditions
15/09/2026 10:24
BUZZ-Vestel Elektronik up after noteholders approve waiver on default conditions ** Shares in Turkey's Vestel Elektronik VESTL.IS rise around 4% after the durable goods maker's noteholders approved a temporary waiver on defaulting conditions on its notes due in 2029
** Brokerage Deniz Yatirim expects the temporary relief to reflect positively on the company, as it lifts short-term legal and financial pressures
** Deniz Yatirim adds this is a temporary action to gain time, and the permanent restructuring offer will be watched closely
** The company's shares have lost 30% of their value in the past year
(Reporting by Miraç Eren Dereli)