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Sabanci Holding wants to float shares

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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

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