Sabanci Holding wants to float shares
Published by Joseph Green,
Editor
World Cement,
According to the latest report by Reuters, Turkish conglomerate Sabanci Holding wants to hold an initial public offering of its energy company and a secondary float of shares in its retail unit. Chief Executive Zafer Kurtul made the announcement on 29 February.
Istanbul-based Sabanci, which also has a strong interest in cement, is uncertain of the timing of the offerings due to market conditions. Kurtul spoke at a news conference following the release of 2015 earnings.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/europe-cis/29022016/sabanci-holding-wants-float-shares-591/
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