Page 94 - TURKRptDec19

and Romania.
Founded in 1963, the company produces manufactures buses and lights trucks, and defence industry products including various types of wheeled and tracked vehicles as well as turret systems at its plant in the western Turkish province of Sakarya.
9.2.3​ Transport corporate news
● Turkish Airlines
BlackRock said in a November 19 stock exchange filing that it had increased its stake in the flag carrier to 5.12% from 4.485%. ​The expansion of its holding followed a November 14 purchase of 8.69mn shares at an average price of TRY13.57.
Shareholders that have a higher-than-5% stake in a Borsa Istanbul-listed company are obliged to inform the public disclosure platform (KAP) as regards their transactions in company shares, according to local regulations.
BlackRock’s Turkish Airlines stake has been moving above and below the 5% level for a while.
On July 26, New York-headquartered BlackRock, one of the world’s largest asset managers with $6.84 trillion in assets under management as of August,
94​ TURKEY Country Report​ December 2019 ​ ​www.intellinews.com