Sberbank - Coca-Cola Icecek A.S. (CCOLA) Turkey Morning Call - July 14, 2017

Report

Sberbank

Sinan Goksen

Turkey Morning Call - July 14, 2017

> Market comment
> Foreigners reduce positions in Turkish bonds during week ending July 7
> Turkish banks in talks for potential sale of Otas's 55% in Turk Telekom
> Moody's keeps Halkbank ratings, downgrades outlook to negative
> Sisecam's Pasabahce about to finalize acquisition of Egypt's Pearl Glass
> Coca-Cola Icecek reports 2Q17 sales volumes
> Vestel to sell up to 5% of its white goods arm

14/07/2017 9 EN

Underlying

Coca-Cola Icecek A.S.

Coca-Cola Icecek is a bottler and distributor of alcohol-free beverages in Turkey, Pakistan, Central Asia and the Middle East. Co. focuses on the production, sales and distribution of sparkling and still beverages with The Coca-Cola Company (TCCC) trademarks. Co. has rights to produce, sell and distribute TCCC branded beverages including Coca-Cola, Coca-Cola Zero, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade and Fuse Tea in TCCC authorized packages throughout Turkey. Co. also has the right to produce, sell and distribute Burn and Gladiator branded energy drinks throughout Turkey, as well as bottling and distribution rights in Turkey for Schweppes branded beverages.

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TRECOLA00011 Istanbul Stock Exchange Turkey

Provider

Sberbank

Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

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Analysts

Sinan Goksen

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Turkey Morning Call - July 14, 2017

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