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Related Companies
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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, 03.08.2016 ve 31.08.2016
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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 31.08.2016 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) and 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 36.2 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 final approval is still awaited; the investment will start after final approval. The developments will be disclosed to the public when finalized.
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