Halkbank To Go Public

-KILCI: "WE AIM TO HAVE TRADING OF HALKBANK SHARES BEGUN AT ISTANBUL STOCK EXCHANGE ON MAY 10TH OR 11TH"

ANKARA - Public offering of Turkey's Halkbank is a technical process and it will proceed as planned, Metin Kilci, president of Turkish Privatization Administration, said on Monday when asked whether or not they would cancel public offering of Halkbank shares after recent political developments.
At a press conference in Ankara regarding the public offering of Halkbank shares, Kilci reminded that almost 25 percent of Halkbank shares would be offered to public.
Kilci said they will receive domestic demands between May 2nd and 4th while foreign demands are still being received.
"Following the completion of public offering process, we aim to have trading of Halkbank shares begun at Istanbul Stock Exchange on May 10th or May 11th," Kilci said.
"I would like to invite all foreign and domestic investors to join the public offering of Halkbank that has an outstanding value in our country's banking sector," he added.