Capital markets board approves tender call exemption for Akcansa shares

Capital markets board approves tender call exemption for Akcansa shares
Published: 23 January 2007

The cement manufacturer Akcansa Cimento announced that the Capital Markets Boards has approved HeidelbergCement Mediterranean Basin Holdings’ application for an exemption from launching a tender call for Akcansa minority shares. The company applied to the Capital Markets Board after CBR International, a wholly-owned subsidiary of Heidelberg Cement A.G, had transferred its 39.7% (TRY 76m nominal-valued) Aksansa shares to Heidelberg Cement Mediterranean Basin Holdings, which is also a wholly-owned subsidiary of Heidelberg Cement A.G.

Unye Cimento targets TRY 210m turnover this year. Unye Cimento, a cement company, has announced that it targets a turnover of TRY 210m (US$148.5m) this year. In a statement submitted to the ISE, the company unveiled its targets for 2007. According to the statement, Unye Cimento will produce 1.5Mt of clinker and 1.7Mt of cement this year. 100,000t of clinker to be produced will be exported while 100,000t of clinker will be sold in domestic market. The company also aims to export 350,000t of cement and will sell 1.35Mt of cement locally. Unye Cimento plans to use TRY 39m for investments, according to the statement.