The Builder of One of the World's Largest Airports Revives IPO - Bloomberg

The Builder of One of the World's Largest Airports Revives IPO - Bloomberg:

"Limak Investments, which is part of a group building Istanbul’s new six-runway airport, is considering an initial public offering later this year or next, rekindling a plan it shelved in 2011 after equity markets tumbled.

"We are looking for the right window to move forward," Chairwoman Ebru Özdemir said in an interview with Bloomberg TV in Kuwait. "All our companies are ready. Our cement group is the second-biggest cement group in Turkey. Our infrastructure and energy groups, likewise."

Limak has expanded into building roads in Russia and airports in Kosovo, Senegal and Kuwait, and now has 65,000 employees and operations in 17 countries since touting the sale of a 30 percent stake in its business seven years ago. The company may come to market amid a boom in Turkish share sales that last year jumped to the highest since 2011, according to data compiled by Bloomberg. This year may be more than five times 2017’s levels, according to local brokerage, Is Yatirim."



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