Azerbaijan, Baku, 11 April / corr. Trend A.Tagiyeva /
Borsa Instanbul (BIST) which began operations this week, put up part of its own shares for privatisation, the board chairman of Burse Ibrahim Turhan told the Sabah newspaper on Thursday.
According to Turhan, BIST signed agreements with eight leading intermediary financial institutions in the world market which will provide it with marketing and advertising services at an international level.
"Firstly we will offer our shares to investors from the Middle East, West Asia, South-East Europe and North Africa. We expect offers from investors of 45 countries," Turhan said.
He noted that the process of privatisation of shares will start in 2014 and be completed by 2015.
Borsa Istanbul (BIST) consolidating Istanbul Stock Exchange and Istanbul Gold Exchange started operating in Turkey on April 5.
The initial capital of BIST constitutes 423 million TRY. Index operations on the burse will have been conducted since the second quarter of the current year and exchange operations will start to be conducted by the end of the year.
It is expected that the capacity of BIST will reach 32 transactions per second. Previously the capacity of the Istanbul Stock exchange was 24 transactions per second.
