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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Eregli Demir ve Celik Fabrikalari T.A.S.    EREGL   TRAEREGL91G3

EREGLI DEMIR VE CELIK FABRIKALARI T.A.S.

(EREGL)
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Eregli Demir ve Celik Fabrikalari T : -- Lawsuit Against Company or Developments in the Lawsuit Against Company

10/28/2020 | 04:10pm EST

Action of date with the demand of compensation of loss arising out of sale contract with the value of 17.800.-TL by reserving the rights regarding to the surpluses has been filed against our Company on April 17th, 2013 to the Kdz. Ereğli Civil Court of First Instance 3rd with the file numbered 2013/253 by Bor-San Isı Sistemleri Üretim ve Pazarlama A.Ş.. It has been learnt that the plaintiff demanded from the court that value of the action is to be raised to 10.837.801,69.-TL with the amendment petition notified to our Company in the direction of expert report submitted to the court. Objection has been made against the mentioned expert report and the amendment petition by our company in its legal term. An objection also has been made against the second expert report and the court has decided to reject the action filed against our Company in the last trial conducted. In the Supreme Court's decision notified to our Company, the judgment has been reversed in terms of principles by the statement of that the action must be examined in terms of decree. Revision of the decision against the reversal of the judgment has been demanded by our company. The rejection decision of Supreme Court has been notified to the Company on January 28, 2015. Kdz. Ereğli Civil Court of First Instance 3rd has dismissed the case at the hearing held on September 9th, 2015 (2015/16 Docket Number). Court of Appeals' 19th Chamber dismissed the appellate request of Bor-San Isı Sistemleri Üretim ve Pazarlama A.Ş. and accepted the appellate request of the Company in terms of retainer fee. Revision of the decision has been demanded by Bor-San Isı Sistemleri Üretim ve Pazarlama A.Ş. against the decision of Court of Appeals' 19th Chamber. Bor-San Isı Sistemleri Üretim ve Pazarlama A.Ş.'s demand for revision of the decision has been rejected by Court of Appeals' 19th Chamber's decision dated April 18th, 2017. The rejection decision of Court of Appeals' 19th Chamber has been notified to the Company on June 5th, 2017. The file has numbered 2017/110 at Kdz. Ereğli Civil Court of First Instance 3rd. Ankara Commercial Court of First Instance has given an adjudication order for Bor-San Isı Sistemleri Üretim ve Pazarlama A.Ş. with its decision No. E. 2010/4196, K. 2012/1499 thus according to Enforcement and Bankruptcy Law article 194, Kdz. Ereğli Civil Court of First Instance 3rd. has decided for abatement of proceedings. The trial will be held on 13.01.2021.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

Disclaimer

Eregli Demir ve Çelik Fabrikalari TAS published this content on 28 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 21:09:01 UTC


© Publicnow 2020
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Sales 2020 31 911 M 4 347 M 4 347 M
Net income 2020 2 711 M 369 M 369 M
Net cash 2020 7 145 M 973 M 973 M
P/E ratio 2020 17,3x
Yield 2020 8,62%
Capitalization 51 870 M 6 996 M 7 066 M
EV / Sales 2020 1,40x
EV / Sales 2021 1,02x
Nbr of Employees 11 453
Free-Float 38,6%
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Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 16,68 TRY
Last Close Price 14,82 TRY
Spread / Highest target 43,9%
Spread / Average Target 12,5%
Spread / Lowest Target -33,9%
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NameTitle
Salih Cem Oral General Manager
Süleyman Savas Erdem Chairman
Ural Durusu Executive Vice President-Operations
Ibrahim Emrah Silav Chief Financial Officer
Eric Vitse Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
EREGLI DEMIR VE CELIK FABRIKALARI T.A.S.6 996
POSCO-2.76%18 802
NUCOR2.50%16 461
NIPPON STEEL CORPORATION-1.69%11 584
TATA STEEL LIMITED1.33%10 296
COMPANHIA SIDERÚRGICA NACIONAL S.A.6.69%8 484