Posted by meb at February 10th, 2007

The Capital Markets Board (SPK) has approved the application of TAV Airports Holding for an initial public offering of YTL 35 million ($25 million) of its shares.
 The company set the price of a single share between YTL 8.55 and YTL 10.30 and has the option of an extra public offering worth $6 million.  The stock market flotation is going to be managed under the control of a consortium made up of Garanti Securities Inc. and HSBC Securities Inc. at the end of which approximately 16 percent of the holding will be sold to the public. An application by TAV Airports to increase its capital by $9.5 million was also approved.

source: Today’s Zaman

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