08
Jun
01:00
Ozbal Celik Boru sells property to repay debt, finance operations
Turkish spiral welded pipe maker Ozbal Celik Boru has sold a property for a total of TRY 2.4 million ($873,000) in cash. It has used TRY 2m from the proceeds to repay debt and allocated the remaining amount to finance operating activities, Kallanish learns from the company.
The asset, located in the Akdeniz district of the southern Turkish province of Mersin, includes a 5,401 square metres plot along with a plant and an administrative building, Ozb…
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