2/3/2010

Turkish companies in line for public offering

 

Referans - After a year of economic stagnation, with only RAN Logistics going public and where Ittifak stocks started to be traded without public offering, a lot of public offerings will take place in the Istanbul Stock Exchange (ISE) during 2010.

 

As the markets recover from the crisis and with the effect of ISE easing up the process, a number of companies are preparing to go public. The public offering process for Koza Altin will shortly start, while Latek Logistics, Mango Food and Cemas Dokum have accelerated the process for their public offerings. Meanwhile, Pegasus and eight real estate investment partnerships are also planning to go public.

 

Moreover, 30 percent of Turk Telekom’s state-owned shares are expected to be offered to public this year. The Turkish Prime Ministry’s Privatization Administration is planning to put shares of power plants on public offering and then to sell the remainder as a block.

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