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Last update Dec 5, 1:18 PM CET
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Arcelik A.S. Unsponsored ADR
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Overview

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Description

Arcelik A.S. Unsponsored ADR represents shares of Arcelik A.S., a leading Turkish manufacturer of household appliances and consumer electronics. An ADR, or American Depositary Receipt, allows U.S. investors to invest in foreign companies like Arcelik without dealing with complex international securities trading. The 'unsponsored' nature of this ADR means it is created by a depositary bank in the U.S. without direct involvement of Arcelik itself. Arcelik A.S. operates across multiple continents, producing a wide array of products including refrigerators, washing machines, air conditioners, and televisions under well-known brands such as Beko and Grundig. Its operations significantly impact the consumer electronics and home appliance sectors, providing innovative and energy-efficient solutions to a global market. In the broader financial landscape, Arcelik A.S. stands as a key player within emerging markets, offering diversified exposure for investors seeking to incorporate international equities into their portfolios. The ADR format enhances accessibility to this Turkish firm's equity, contributing to greater liquidity and ease of trading in the U.S. markets.

About

CEO
Mr. Hakan Hamdi Bulgurlu
Employees
50077
Address
KaraagaC Caddesi No: 2-6
SUetlUece Beyoglu
Istanbul, 34445
Phone
90 212 314 34 34
Instrument type
American depositary receipt
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Country
Germany
MIC code
XSTU
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