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He added that Global Yatirim Holding was considering delisting its Global Ports Holding (GPH) from the London Stock Exchange (LSE) in time but that he was yet to discuss this proposal with the board of directors. The holding was also in talks with a Middle East-based semi-public institution for Antalya Port, Kutman noted.
Global Yatirim Holding listed GPH on the LSE in 2017.
Also on June 17, Bloomberg reported bus operator Metro Turizm was planning an IPO, which would involve offering 50% of the company.
In 2018, Metro Turizm had a fleet of 1,000 buses. It posted a turnover of Turkish lira (TRY) 1.25bn in 2019, the news service also noted.
Metro Turizm is owned by Galip Ozturk, presently a fugitive after a conviction for inciting murder.
Ozturk owns Istanbul-listed Metro Ticari ve Mali Yatirimlar Holding (METRO). Bloomberg regularly conducts phone interviews with Ozturk.
In the latest, last October, the news agency reported that Ozturk was in Georgia. He was cited as saying that people in Turkey stoked up with national feelings were buying national companies.
Earlier in June, a company called Bayrak EBT (BAYRK) held an IPO. Bayrak deals with the production of footwear materials. Ozturk’s brokerage Metro Invest was the intermediary for its flotation.
Meanwhile, Dunya reported on June 16 that the Borsa Istanbul was
51 TURKEY Country Report July 2020 www.intellinews.com
