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.
Read the article online at: https://www.worldcement.com/europe-cis/29022016/sabanci-holding-wants-float-shares-591/