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bne February 2021 Companies & Markets I 21
Borsa Istanbul takes stock of its new speculator
Akin Nazli in Belgrade
Aman named Cem Okullu has become a popular figure among the Borsa Istanbul crowd. On December 3, Okullu said in a filing with the public disclosure platform (KAP) that he had on December 3 sold his entire 7.11% stake, or 199mn shares, in Turkiye Sinai Kalkinma Bankasi (TSKB/Industrial Development Bank of Turkey)
at a price range of Turkish lira (TRY) 2.02-2.12.
On December 4, Okullu said in a separate filing that he had on December 4 bought 97.3mn shares in petrochemical producer Petkim (PETKM) at a price range of TRY4.30-4.63.
His stake in Petkim has gradually risen to 6.19% from 2.349%. Okullu earned 50%, or TRY134mn, in profit from TSKB in 50 days, while he earned TRY20mn profit from his Petkim trades in a single day on December 4, Yunus Kaya of Alnus Invest wrote on Twitter.
Okullu has previously been fined by the Capital Markets Board (SPK) due to share transactions in Tukas (TUKAS) and Is Leasing (ISFIN).
Ozon’s oversubscribed IPO brings in $1.2bn
East West Digital News in Moscow
Ozon Holdings announced the completion of its IPO on December 9, which started triumphantly on November 24, reports East-West Digital News (EWDN).
In total, 37,950,000 ordinary shares represented by American depositary shares (ADSs) were acquired by new investors, including those corresponding to purchase options exercised by underwriters.
Taking into account the private placements and other subscriptions from Ozon’s existing shareholders, Baring
He is the majority shareholder in Tukas and has a partnership with Galip Ozturk in this company.
In 2015, Erdemir (EREGL/Eregli Demir Celik), one of Turkey’s largest steelmakers, said in a stock exchange filing that it
sold 43,467 square metres of real estate holdings located
in the town of Altinoluk in the northwestern Balikesir province to Okullu Gida Maddeleri for a consideration of TRY46mn (€16mn).
Tukas or Isfin are small trading boards, suitable for easy manipulation. However, Petkim is among the leading stocks on the Borsa Istanbul and TSKB is also a component of the BIST-50.
Erdemir, controlled by Turkish military pension fund Oyak, is also among leading companies in Turkey.
There have been declines in the number of foreign-held shares in the free floats of Petkim and TSKB.
Vostok and Sistema, the company has issued in total 42,450,000 new ordinary shares.
The e-commerce major received gross proceeds of $1.27bn, or net proceeds of $1.20bn. When it filed for the IPO in early November, Ozon expected to raise just around $500mn.
As result of these transactions and exercises of outstanding convertible loans in December 2020, Ozon has a total of 208,202,929 ordinary shares.
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