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Company news
 
AvivaSA to go to IPO soon?

12/10/2010

 

In a press release last week, Sabancı Holdings (local shareholder in joint-venture life and pensions company AvivaSA) announced that they were considering a public offering of shares in four of their companies that they viewed as having great potential. These companies included AvivaSA.

The 12 Sabancı companies already quoted on the Istanbul Stock Market (IMKB) already comprise 13% of the market value of the Stock Market. Sabancı Holdings is Turkey's largest company by net asset value. Its net asset value of 14 bn dollars exceeds its market value of 10,6 bn dollars, leading CEO Zafer Kurtul to emphasize the potential for growth in their market value.

Tags: AvivaSA |
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