Turkey’s Global Yatirim decides against ports unit public offering
By: Reuters | May 11 2015 at 07:10 AM | Ports & Terminals
ISTANBUL - Turkish investment holding Global Yatirim said on Monday it had decided not to proceed with a public offering of its ports unit Global Liman and instead planned cooperation with strategic investors and private equity funds.
In a statement to the Istanbul stock exchange, Global Yatirim said it had decided Global Liman would pursue future port projects as a private company despite demand for the offering exceeding allocations.