Gozde to hold IPO for up to 35 percent of retailer Sok

Dünya Executive - - OVERVIEW -

Turkey’s Gozde Girisim will hold an initial public offering for up to 35 percent of its discount retailer unit Sok Marketler, it said on March 15 in what is widely expected to be one of Istanbul’s top flotations this year. A draft prospectus said the IPO would be completed in May 2018, with the proceeds to be used to pay back debt. The IPO would be for 18.75 percent of Sok, with an offer of an additional 16.25 percent, Gozde said.

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