Turkish Competition Authority Approves Sale of Escar to Bulls Yatırım Holding

Escar Filo Kiralama Hizmetleri A.Ş. announced that it has received approval from the Turkish Competition Authority for the transfer of shares representing 77.62% of the company's capital to Bulls Yatırım Holding A.Ş. The transaction will be carried out at a price of $142 million. The Competition Authority's approval was one of the regulatory steps required for the completion of the share transfer. With this approval, control of Escar will pass to Bulls Yatırım Holding. As a company operating in the fleet leasing sector, Escar will gain a new partnership structure through this sale. Bulls Yatırım Holding, on the other hand, will strengthen its presence in the sector by adding a significant player to its portfolio. This is not investment advice.

📊 ESCAR — Piyasa Yorumu

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The approval from the Competition Authority removes uncertainty in the sales process, acting as a positive catalyst. However, the stock closed 2.6% lower in the last session, with RSI at 44 indicating a weak zone. Although MACD is below zero, it is approaching the signal line, signaling a potential reversal. In the short term, this news is expected to partially offset the weakness in technical indicators.

RSI 14

44.4

MACD

-0.26

24h Δ

-2.60%

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