Unusual increase and developments in Özata Denizcilik shares
The record rise in Özata Denizcilik's shares during a period when the company reported losses and the subsequent operations have been brought to the economic agenda.
Economic writer Murat Muratoğlu covered the massive surge in Özata Denizcilik shares and the unusual changes in its market value during a quarter when the company reported a loss.
Unusual Changes in Share Prices
Economic writer Murat Muratoğlu evaluated the extraordinary price movements in Özata Denizcilik shares in his column in Nefes newspaper. Muratoğlu stated that the company's shares increased by 654 percent in the quarter when it announced a loss.
Market Value and Financial Situation
It was emphasized that the company incurred a loss of 603 million liras in the first six months of 2026, its sales remained sluggish, and the cash in its treasury melted away. Despite this, it was noted that the shipyard's market value reached billions of liras on September 16.
Political Allegations and Resignation Process
YENİ Party Spokesperson Zeynel Emre put forward various allegations regarding the stock sales made by former minister Fatma Betül Sayan Kaya on the stock market. Following these developments, Fatma Betül Sayan Kaya resigned from her position as AKP Deputy Chairperson.
Operations and Detentions
Following the financial mobility and fund processes, Özata Denizcilik official Altuğ Kantarcı was detained as part of operations conducted, and judicial proceedings were reportedly initiated against the company bosses as well.