Sok sees IPO of around TRY 2.6 billion

Dunya Executive - - OVERVIEW -

Turk sh d scount grocer Sok plans to ra se at least TRY 2.6 b ll on ($640 m ll on) n an n t al publ c offer ng (IPO) to pay down debt, one of the bookrunners sa d on Apr l 9, the latest n a ser es of h gh-prof le l st ngs n Istanbul. Sok, w th more than 4,700 stores and 21,000 employees, s one of Turkey’s b ggest d scount reta lers. Reuters reported last year that the company was plann ng a 2018 flotat on. Sok s one of four

Turk sh f rms expected to l st by May, sources sa d earl er th s year.

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