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English
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oda_MaterialEventDisclosureGeneralAbstract|
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oda_UpdateAnnouncementFlag|
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Evet (Yes)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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18.01.2016, 18.03.2016, 17.05.2016, 02.06.2016 ve 03.08.2016
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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We announced in our material events disclosure dated 03.08.2016 that our subsidiary in Romania, Arctic S.A. delivered the incentive application to establish a new factory in Romania to produce washing machines (2 million units/year capacity). The Incentive and State Aid Department of Romania State Ministry of Finance announced that Arctic's investment project of washing machines has been selected after preliminary evaluation in the year of 2016 state aid program and the state aid of about EUR 36.7 million (on current exchange rate) has been allocated to Arctic. The final approval and state aid amount for the qualified projects will be determined after a final evaluation by the Incentive and State Aid Department and shall be released in written form. The investment project will start only after written approval. The developments will be disclosed to the public when finalized.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail. |
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