10/5/2010

Sabanci sees 15 percent growth in 2011

Reuters - Sabanci Holding, Turkey’s largest industrial and financial conglomerate, whose interests range from banking to energy, is expected to grow 15 percent next year as Turkey enjoys rapid economic expansion, said Chief Executive Zafer Kurtul on Monday. Sales were seen rising 8 percent to TRY 21 billion (USD 14.5 billion) this year, Kurtul told reporters. The Istanbul-based conglomerate also sees potential for initial public offerings in some of its units: Teknosa, an electronics retailer, Enerjisa, a joint-venture with Austrian utility Verbund, insurer Avivasa, and Temsa, which makes coaches, he said.
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turkey; sabanci holding; zafer kurtul; economic growth; teknosa; enerjisa; avivasa; temsa