SMRTG's New Business Venture, ESCAR Agreement, and New Partnership with IZINV: Current Updates from BIST Companies
You can find our updated company news summary, based on notifications by companies listed on Borsa Istanbul, in the continuation of our content.
RTA Laboratories Begins Electricity Production
RTA Laboratories (RTALB) announced that it has started electricity production following the completion of its rooftop solar power plant investment. The company announced the completion of the investment on July 25, 2024, via the Public Disclosure Platform (KAP). This development demonstrates the company’s commitment to transitioning to renewable energy.
With the completion of the investment, RTA Laboratories has been able to meet its own electricity needs, providing a sustainable energy solution. This step is viewed as part of the company's goals to reduce environmental impacts and increase energy efficiency.
Iz Venture Begins Partnership Talks with HızlıÇiçek.com
Iz Venture, a subsidiary of Iz Investment Holding (IZINV), has announced that it has initiated partnership discussions with HızlıÇiçek.com. This initiative is aimed at increasing portfolio diversity and entering the rapidly growing e-commerce sector. The company plans to collaborate with HızlıÇiçek.com, one of Turkey's leading online flower suppliers.
The partnership talks reflect Iz Venture’s aim to create value through innovative business models and assess growth opportunities in dynamic sectors. This step is significant as part of the company’s investment strategies.
Escar Filo Signs Vehicle Leasing Agreement with Danone Turkey
Escar Filo (ESCAR) has signed a long-term vehicle leasing service agreement with three companies operating under Danone Turkey. Under the agreement, a total of 218 vehicles will be leased for Numil Gıda, Sırma Grup, and Danone Tikveşli. The company will make a vehicle investment worth 258,284,509 TL under this contract.
The delivery of the leased vehicles is planned to be completed by January 15, 2025. It is stated that the agreement will have a total impact of 307,298,880 TL on Escar Filo's revenue over a period of 36 months.
Migros Opens 31 New Stores in November
Migros (MGROS) has increased its store count by opening 31 new stores throughout November. Among the opened stores are 13 Migros, 11 Migros Jet, 5 Macrocenter, and 2 Mion. By the end of November 2024, the company’s total number of stores reached 3,590.
The opening of new stores draws attention as part of Migros's strategy to expand market access. The company continues to work towards its goal of continuously expanding its service network.
Competition Authority Launches Investigation in Tire Sector
The Competition Authority has initiated an investigation into certain enterprises in the automotive sector, including Goodyear Tires (GOODY). The investigation aims to determine whether Articles of Law No. 4054 on the Protection of Competition have been violated.
Although detailed information has not been provided during this process, the investigation by the Competition Authority is seen as part of its steps to protect competition in the sector. Developments will be shared with the public within the framework of Capital Market Legislation.
Smart Solar Identified in the 'Metal' Industry
The Ministry of Labor and Social Security has determined that Smart Solar Energy (SMRTG) operates in the 'Metal' industry. This information was published in today's Official Gazette and clarified Smart Solar’s sectoral positioning.
This determination allows the company to reassess its industry classification and adjust its strategic plans accordingly. Defining industry classification can help companies take steps that provide competitive advantages in the sector.