Despect Turkey, a joint venture between local Index Group and Despec Group BV, expects to raise a USD 22.6mn from the IPO where the company will offer a 39.35% stake. Bids will be collected between Nov 25 and Nov 26. Despec Turkey distributes computer accessories and stationery. Erol Bilecik from Despec Turkey says that the company will use the proceeds from the IPO to support growth and finance new investments. After the IPO, acquisitions may be on Despec's agenda and potential targets will be computer accessories companies, Bilecik asserts. |
|
The jailed leader of the PKK, Abdullah Ocalan, called for a ceasefire on Thursday, ordering armed PKK militants to withdraw from Turkey. Hundreds of thousands of people gathered in the city of ... more
The Syrian government said the rebel groups foreign supporters, Turkey and Qatar, were responsible for a chemical attack in Aleppo. The countries that back and support the rebels, including ... more
US secretary of state John Kerry was in Ankara on Friday for talks with the Turkish leaders, including PM Recep Tayyip Erdogan and President Abdullah Gul, focused on the crisis in Syria, ... more