No matter how you view it, Grundig Elektronik is one of Europe’s largest TV companies, making some 7 million units a year. In fact, they are the second largest TV manufacturer in Europe. On Friday, Grundig reported a deal with to produce Sony LCD TV’s, boosting their shares considerably. Grundig, which was formally known as Beko Eletronik, noted that they will produce two Sony Bravia models at the in-house plant in an exclusive deal with Sony United Kingdom Limited.
Shares in Grundig jumped 18.4 percent to 0.45 lira, while the main Istanbul share index was up 0.98 percent, a considerable reaction considering slow Christmas trading.
Photo courtesy juanxavier of flickr.
