Shore Capital chosen as Global Ports opts to list in London
Global Yatirim Holding hired Barclays, Citigroup and Goldman Sachs to manage the first-ever initial public offering in London by a Turkish issuer. Global selected VTB Capital to act as bookrunner, along
with the trio of global coordinators, with Shore Capital appointed as lead manager, for the sale of its ports unit, Global Ports, the company said on Wednesday in a public filing. The IPO of Global Ports, also known as Global Liman Isletmeleri AS, is due to be held next month after a roadshow starting on May 2, and the Istanbul-based group expects to raise $250 million. Global Yatirim jumped as much as 18 percent to 3.14 liras in Istanbul trading, the highest level since 2000.