Bloomberg News

Anadolu Jumps Most in 6 Months on Turkish Municipality Order

April 11, 2012

Anadolu Isuzu Otomotiv Sanayi & Ticaret AS (ASUZU), the Turkish manufacturer of commercial vehciles for Isuzu Motors Ltd. (7202), surged the most in six months after winning a 25 million-lira ($13.9 million) contract from the city of Manisa.

The shares jumped 6.6 percent to 10.40 liras at the close in Istanbul, the biggest gain since Oct. 10.

The company will deliver Isuzu Novo Citi model buses to the municipality in the second and third quarters of this year, Anadolu Isuzu said in a statement to the Istanbul Stock Exchange today. It didn’t say how many buses the contract covers.

To contact the reporter on this story: Benjamin Harvey in Istanbul at bharvey11@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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