Izdemir Enerji announced that it will make a buyback in order to protect its shareholders and contribute to healthy price formation in case the share price of its main partner, Izmir Demir Çelik, traded on the stock exchange does not reflect the real performance of its activities.
In accordance with the decision, Izmir Demir Çelik shares will be subject to buyback of up to 105 million shares for 3 years. The fund allocated by Izdemir Energy for buyback is 650 million TL. The fund in question will be covered from the company's own resources.
Comments
No comment yet.