3/9/2011

Sabanci to create jobs, readies for IPOs

Sabah - Hurriyet Daily News - Turkey’s second largest group of companies, Sabanci Holding, unveiled plans to create thousands of new jobs with a series of new investments. The group also plans to go public with three of its major companies: Teknosa, Avivasa and Enerjisa.

“2011 is expected to be a year of growth both for Turkey and Sabanci Holding,” said Guler Sabanci, the Chairperson of Sabanci Holding, in a meeting with group companies. Sabanci put the total of group’s investments in 2011 at USD 2.06 billion, creating 2,000 new jobs. “The majority of the investments, some 70 percent, will head to energy industry,” she added.

Sabanci Holding also readies to offer three of its leading companies to the public. The initial public offerings (IPOs) of Teknosa, Avivasa and Enerjisa will take place early next year, according to CEO Zafer Kurtul.

“Technology retailer Teknosa will be the first to be offered in 2012,” said Kurtul, in a press meeting, adding that Avivasa will follow in 2013 and Enerjisa in 2014.
Turkey; sabanci holding; energy industry; public offering; ipo; teknosa; enerjisa; avivasa; guler sabanci