ANKARA - In addition to the intense domestic demand, a total of 230 foreign investors from 20 countries participated to the public offering of Halkbank shares, said Finance Minister Kemal Unakitan on Monday.
Speaking in a press conference at the Turkish Privatization Administration (OIB) HQ, Minister Unakitan said privatization of Halkbank has been the biggest public offering carried out in Istanbul Stock Exchange (IMKB) up to now.
Investors from the U.S, U.K, European and Middle Eastern countries participated in the sale of Halkbank, said Minister Unakitan. He also noted that this is the biggest privatization (of a bank) carried out in Europe since 2004.
On the other hand Unakitan informed journalists as regards privatization operations carried out in the last 4.5 years in Turkey, saying the total earnings from privatization has reached 20 billion USD and almost all of that amount has been cashed.
-TOTAL VALUE OF HALKBANK 7.38 BILLION USD-
Total demand for Halkbank shares reach 12.9 billion USD. The volume of the domestic investor`s demand was 1.4 billion USD.
Te value of 24.98 percent of Halkbank shares to be privatized sum up to 1.85 billion USD. Accordingly the total value of Halkbank is estimated as 7.38 billion USD.