Turkish Airlines public offering in the pipeline

Turkey’s Privatisation Administration (OIB) has decided to make a public offering of a further 25 percent of state-controlled Turkish Airlines within a year. The airline has long been earmarked for sale under the country’s IMF-backed privatisation scheme.

Roughly 25 percent of Turkish Airlines is listed on the Istanbul Stock Exchange after it held a public offering at the end of 2004.

“The decision was reached to sell 25 percent of Turkish Airlines’ shares by public offering within 12 months,” the OIB said in a statement to the Istanbul Stock Exchange.