According to media, Turkish natural gas distributor Aksa Dogalgaz, a subsidiary of Kazanci Holding which operates in 21 of 72 Turkish provinces, is planning an initial public offering (IPO) for a 30 % stake in the company.
CEO of Aksa Dogalgaz Yasar Arslan said that the company is the largest natural gas distributor in Turkey, stressing that a 30 % stake can be sold to a broad investor base, and that the public offering can also be made for qualified investors. Pointing out that the company’s work on the IPO will intensify in 2018, he said that the date of sale of the shares will be determined taking into account other public offerings in the sector and the developments in the capital markets.
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Tags: Aksa Dogalgaz, financial, gas, gas distribution, IPO, Turkey