Published: March 22, 2012
Sabanci-owned technology retailer plans listing on Istanbul Stock Exchange.
Turkish conglomerate Sabanci Holding plans to list its technology retail business on the Istanbul Stock Exchange.
This week Teknosa, 100% owned by Sabanci, told the exchange it hoped to raise TL11mn (US$6mn) from the listing. A date for the IPO has yet to be set, although press reports have suggested the second half of the year.
Teknosa was established in 2002 and today owns more than 250 stores across some 70 cities.