Capital Markets Board approves Enerjisa’s TRY 1.7 billion IPO

Dünya Executive - - OVERVIEW -

Turkey’s Cap tal Markets Board has approved an n t al publ c offer ng of Sabanc Hold ng’s

Enerj sa jo nt venture, a 20 percent stake sale valued at up to TRY 1.77 b ll on ($474 m ll on). In an announceme­nt on Jan. 25, the Cap tal Markets Board sa d 212.6 m ll on shares, or 18 percent, would be offered to the publ c. An add t onal 2 percent, or 23.6 m ll on shares, would be offered through an over-allotment.

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