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Metro Holding to hold IPO for bus operating unit Metro Turizm.

January 26, 2014

Turkey's Metro Ticari ve Mali Yatirimlar Holding informed in a filing with the Bourse Istanbul that it decided to seek authorization from its general meeting of shareholders in order to hold an IPO for its 99.69% bus operating unit Metro Turizm Seyahat. The appraisal value of the whole 100% stake in Metro Turizm is TRY 874.6mn ( EUR 288.1mn ), the statement detailed. Metro Turizm carries about 20mn passengers annually, according to its website. Metro Holding is mainly active in tourism and food production sectors.

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Source: IntelliNews - Weekly Reports

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